Nimbus Entered Into a Purchase Agreement with McCain Group’s CêlaVíta B.V

Nimbus and CêlaVíta B.V., a company under the McCain Group, signed a purchase agreement on March 1, 2024, for Nimbus to buy CêlaVíta's operations.

Several finishing requirements, including clearance from the Works Council and the Dutch Authority for Consumers and Markets (ACM) regarding antitrust, must be met before the deal may close. The deal is anticipated to close by the middle of 2024.

At its manufacturing site in Wezep, the Netherlands, CêlaVíta, a completely owned subsidiary of McCain since 2012 and a well-known brand in chilled potato products for over 55 years, provides an extensive variety of superior chilled potato specialty goods.

McCain's plan places less emphasis on the chilled market segment. McCain has thus concluded that CêlaVíta can develop more effectively on its own.

“We are delighted with Nimbus' investment in CêlaVíta. We are confident that under the wings of Nimbus, together with the tireless efforts of the great CêlaVíta team, and after the successfully implemented strategy and plans at CêlaVíta over the last two years, CêlaVíta will become an even stronger business than it is today,” Henk Dollekamp, Managing Director at CêlaVíta, declared, according to a recent press release.

Growers won't be directly impacted by the transaction because McCain will still source and deliver potatoes to Nimbus for the 2024 season.

Nimbus is a privately held investment firm that has been operating in Europe for about 25 years. Nimbus invests in firms that are at a crossroads in their development and are poised for the next stage of growth. CêlaVíta has demonstrated promise that can be fulfilled via operational improvements, additional investments, and expansion, and hence was the natural choice for Nimbus. The Nimbus team possesses significant operational and strategic capabilities, which have served as the foundation for successful relationships with management teams in over 100 investments since its establishment. It also has extensive expertise in (food) production and separating non-core business units from larger enterprises.

Nimbus is happy with the chance to invest in CêlaVíta. CêlaVíta is a well-known brand in a steady and intriguing market. CêlaVíta aims to strengthen its partnerships with customers, suppliers, and employees through commercial expansion, new investments, and operational improvements.