News > Rabo investments acquires Selo Food Group
Selo - Rabo samenwerking

Selo Food Group is a world-class supplier of turnkey processing equipment for the Food and Petfood industry with a strong focus on innovation and customisation. The company is active in various highly attractive growth markets serving as a close partner of some of the largest food producers in the world.

Headquartered in Hengelo, the Netherlands, Selo Food Group is active globally and has sales office in three other European countries. The company is the processing industry’s market leader in high viscous food products and wet petfood. Selo Food Group is driven to act quickly and to create truly long-term relationships with its customers. The company’s customers include all of the leading blue-chip companies in its niche markets of Petfood, Liquid Food and Meat (Substitutes). The management of Selo Food Group sees a lot of potential to grow independently based on its existing relationships and new products in the pipeline.

With the acquisition, Rabo Investments commits to 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 phase of growth. Benefitting from the global network of Rabobank 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 pleased that we have been given this unique opportunity to further develop the Selo Food Group independently with Rabo Investments as a knowledgeable and strong financial partner at our side. We look forward to collaborating with Rabo Investments and further strengthening our position with our existing, but certainly also new customers 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 wet food processing. We are impressed by the growth Selo Food Group has experienced over the past years, which we aim to accelerate as active sparring partner with the help of our global Food & Agri network, knowledge and experience in the food processing space. We look very much forward to the cooperation with Willibrord and his team.”

About Selo Food Group

Selo Food Group (www.selo.com) is a global supplier of food processing equipment and robotics specialised in wet food. The company provides turnkey solutions to blue-chip customers active in Liquid Food for the production of sauces, dressings and soups, Petfood and Meat (Substitutes) markets. Selo Food Group employs 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 within 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 of Rabo Investments in the Netherlands include Havatec (August 2021) and Koppert Cress (January 2022).