British firm Kolak Snack Food and France’s Europe Snacks have announced that they have merged their businesses to create one of Europe’s largest manufacturers of private label savoury snacks.
The enlarged group will generate revenues of €250m, employ about 1,400 people and produce over 1.4 billion packs annually across 750 product types from its six manufacturing sites in France and the UK. It will supply 200 retail and discount customers across Europe and beyond.
Christophe Fenart, CEO of the Group, commented: “By bringing together Europe Snacks and Kolak we are moving towards our goal to become the pan-European partner of choice for our customer’s brands, driving innovation across a full range of crisps and snacks. Both businesses share an entrepreneurial spirit and are committed to delivering quality and value to our customers.”
Rikin Lakhani, Managing Director of Kolak, added: “I am delighted to be working with Christophe and the team at Europe Snacks. I am very excited about the opportunities that this merger presents both nationally and internationally for us and our customers.”
Ashok Lakhani, co-founder and former Chairman and CEO of Kolak, will join the Group Board as a non-executive Director, while Bharat Lakhani, co-founder, along with the other existing shareholders will be stepping back from the business. Rikin Lakhani and Nicolas Eyméoud remain in their positions as Managing Directors leading the UK and French businesses respectively. The companies will continue to operate under their established brand names.