Home / Business and Economy / CVC Capital Buys Irca Amidst Ingredient Market Shake-up
CVC Capital Buys Irca Amidst Ingredient Market Shake-up
29 Jun
Summary
- CVC Capital Partners has agreed to acquire Irca.
- Irca is a key supplier for pastry, bakery, and ice cream markets.
- Advent was the previous private-equity owner of Irca.
CVC Capital Partners is set to acquire the ingredients business of Irca. The company, which supplies crucial components for the pastry, bakery, chocolate, and ice cream sectors, was previously owned by private-equity firm Advent.
This strategic move by CVC Capital Partners indicates a strong belief in Irca's market position and future potential. The investment firm plans to provide support to facilitate Irca's next phase of development and expansion within the competitive food ingredients landscape. Advent's divestment signals the conclusion of its ownership period for the company.
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