Klaas Puul acquires Foppen

Squarefield acted as exclusive financial advisor to the shareholders of Klaas Puul on the acquisition of Foppen.

On 11 June 2018, the shareholders of Foppen Groep B.V. in Harderwijk and Klaas Puul Beheer B.V. in Volendam reached an agreement on a merger between the two companies. Both Foppen and Klaas Puul are renowned companies in the salmon and shrimp processing branch and have a long history as family-owned businesses in the food processing industry. Together they will continue under the name ‘Dutch Seafood Company’.

The current management teams of Foppen and Klaas Puul will be in charge of the new combination, led by CEO André van de Padt. “The merger of these two wonderful organisations will provide us with a stronger market position and it allows us to serve our clients even better. By applying and implementing all our expertise and experience into our processes, we can respond even better to the market requirements and opportunities”, says Van der Padt.

Klaas Puul
Klaas Puul is a leading shrimp processor with headquarters in Volendam, the Netherlands and production sites in the Netherlands, Germany, Denmark, and Morocco. The company was founded in 1968 and over the past 50 years the Mooijer family has overseen its successful expansion. In 2016, H2 Equity Partners invested in Klaas Puul which allowed the company to build new state-of-the-art production facilities. Klaas Puul is known for its high-quality products, broad product range, and excellent service levels. In 2017, the company generated sales of almost €175 million.

Foppen
Foppen is a leading salmon smoker with headquarters in Harderwijk and production sites in the Netherlands and Greece. The company was founded in 1918 and over the past 100 years the Foppen family has overseen its successful expansion. Foppen is known for its innovations, high product quality and front-runner position in the USA. In 2017 the company generated sales of approx. €150 million.

Rutger Jan Vlek – Partner H2: “Without the in-depth sector knowledge, creative and hands-on support of Squarefield, we would not have been able to create Dutch Seafood Company, a leading supplier of fresh salmon and shrimp products.

2018