Deal Details

Investindustrial Acquires Kiremko, Idaho Steel and Reyco

Industrial

Investindustrial acquisition of Kiremko, Idaho Steel and Reyco

Summary

Investindustrial has entered into an agreement to acquire Kiremko Group B.V. (“Kiremko”), Idaho Steel Products, Inc. (“Idaho Steel”) and Reyco Systems, Inc. (“Reyco”) (together the “Group”). Terms of the transaction were not disclosed. The transaction is subject to regulatory approvals and customary closing conditions.

Baird served as the exclusive financial advisor to Investindustrial on this transaction.

About

The Group – composed of Kiremko, founded in 1965 and headquartered in Montfoort, Netherlands; Idaho Steel, founded in 1918 and headquartered in Idaho Falls, Idaho; and Reyco, founded in 1975 and headquartered in Caldwell, Idaho – has been serving the world’s leading potato processors under a tri-brand partnership since 1996. Over the course of its collective history, the Group has established itself as one of the industry’s leading innovators and a best-in-class global supplier of full-line solutions for the industrial production of potato products such as frozen french fries, hash browns and potato flakes. In serving a diverse global base of over 300 customers in more than 50 countries, the Kiremko, Idaho Steel and Reyco brands have become synonymous with quality, innovation and reliability. The business has manufacturing facilities and offices in the Netherlands, United States, India and China.

Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €17 billion of raised fund capital. Investindustrial has a 35-year history of providing midmarket companies with capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.