Selo Food Group is a world-class supplier of turnkey processing equipment for the Food and Pet Food industries with a strong focus on innovation and customization. The company operates in several highly attractive growth markets and is a close partner of some of the largest food manufacturers in the world.
Selo Food Group, headquartered in Hengelo, the Netherlands, operates worldwide and has sales offices in three other European countries. The company is a market leader in the processing industry in the field of high-viscosity food products and wet pet food. Selo Food Group is driven to act quickly and build long-term relationships with its customers. The company's customers include all leading companies in the niche markets Petfood, Liquid Food and Meat (Substitutes). The management of Selo Food Group sees great potential to grow independently based on existing relationships and new products in the pipeline.
With the acquisition, Rabo Investments is betting on a new opportunity in the Dutch food processing equipment market. Rabo Investments has had several successful investments in this space. With a focus as a Food & Agri ecosystem investor, Rabo Investments aims to support Selo Food Group in its next growth phase. Taking advantage of Rabobank's global network in Food & Agribusiness, Rabo Investments is the ideal partner for Selo Food Group to present new opportunities to the company.
The sale of Selo Food Group was overseen by Squarefield, a corporate finance advisor with offices in Amsterdam and Frankfurt.
Willibrord Woertman (Selo Food Group - CEO): "We are delighted to have been given this unique opportunity to further develop the Selo Food Group independently with Rabo Investments as an expert and strong financial partner at our side. We look forward to working with Rabo Investments and further strengthening our position with our existing, but certainly also new clients in the Food and Petfood industry. I would also like to thank Squarefield for their professional support of Selo Food Group in this complex process."
Roelant Mantel (Rabo Investments - Investment Director): "Selo Food Group is a fantastic company with an excellent market position in food & wet pet food processing. We are impressed by the growth that Selo Food Group has experienced in recent years, which we want to accelerate as an active sparring partner using our global Food & Agri network, knowledge and experience in food processing. We are very much looking forward to working with Willibrord and his team."
ABOUT SELO FOOD GROUP
Selo Food Group (www.selo.com) is a global supplier of food processing equipment specializing in wet food. The company provides turnkey solutions to leading customers operating in Liquid Food for the production of sauces, dressings and soups, Petfood and Meat (agents) markets. Selo Food Group has c. 100 employees and is headquartered in Hengelo, the Netherlands.
ABOUT RABO INVESTMENTS
Rabo Investments (www.raboinvestments.com) is Rabobank's investment franchise. It has invested over €1.8 billion in the Food & Agri, Sustainability and Healthcare sectors. These investments range from growth capital for innovative start-ups & scale-ups to investments in established companies and funds. Recent other investments by Rabo Investments in the Netherlands are Havatec (August 2021) and Koppert Cress (January 2022).