We have advised the shareholders of Audens Group Solutions S.L. (Audens), a leading manufacturer in the Iberian frozen snack market, on its sale to GoodLife Foods B.V. (GoodLife Foods) a portfolio company of IK Partners. The combination of the two companies will result in a highly complementary group, producing and selling innovative frozen snacks and meal components across Europe. The financial terms of the transaction are not disclosed, and completion is subject to legal and regulatory approvals.
Headquartered in Granollers (Barcelona area), Spain, Audens specialises in the production and distribution of branded and private-label focused mainly on frozen snacks and ready meals. The company serves a customer base active in the retail and food service channels, mainly in Iberia, next to a growing international presence.
Audens employs over 800 employees and operates five state-of-the-art manufacturing plants in Spain and Portugal. The company’s CEO, David Sala Coll, will become the Non-Executive Director at GoodLife Foods and will remain active as a strategic adviser to Audens. Carles Bosch will be appointed as General Manager of Audens and will manage the daily business operations in Iberia.
GoodLife Foods is one of Europe's largest producers of both branded and private-label frozen savoury food products. GoodLife Foods is headquartered in Breda, the Netherlands, with production sites in the Netherlands, Belgium, and Denmark.
IK Partners, is a European private equity firm focused on investments in the Benelux, DACH, France, the Nordics, and the UK. Since 1989, IK Partners has raised more than €14bn of capital and invested in over 170 European companies. IK Partners supports businesses with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
This strategic move represents a significant milestone for GoodLife Foods, as it allows the company to further diversify its product offerings and tap into new geographical growth opportunities. The combination will result in a leading frozen savoury food group with a pan-European sales and production network offering high levels of innovation and service levels to its customers.
