Transition Corporate Finance

Amsterdam (17 June, 2023) – LEVO, a Franeker-based producer of vegetable oils, frying oils, margarines and sauces, has announced the acquisition of Rotterdam-based Vereenigde Oliefabriken (VOF). The combined company strengthens its global market position in the production and trade of vegetable oils, margarines and mayonnaise. Transition Corporate Finance (TCF) assisted the seller as M&A advisor in the realisation of this transaction.

Axel Fuhri Snethlage, Partner at TCF: “VOF and LEVO have been working together for a long time. VOF has part of its range filled by LEVO and exports its products to a large number of African countries. The acquisition offers LEVO the opportunity to sell more products through VOF’s sales channel”.

After the transaction, Pieter Spierenburg (DGA of VOF) will remain involved with the company as an advisor to continue to serve current and future customers. “This acquisition offers us the ideal solution to ensure the continuity of our company. LEVO is a renowned family business with the financial strength to take us to the next level in terms of service and innovation”, says Spierenburg. “In addition, many thanks to TCF’s deal team. Good professional support is indispensable in this complicated process. The cooperation was very pleasant”.