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17 September 2020

Nimbus completes the sale of Halo Foods Ltd to an affiliate of Peak Rock Capital

Nimbus announced today that it has completed the sale of Halo Foods Ltd. (“Halo” or the “Company”) to an affiliate of Peak Rock Capital (“Peak Rock”) in partnership with the management team of Halo.

Nimbus completes the sale of Halo Foods Ltd to an affiliate of Peak Rock Capital

Headquartered in Newport, Wales (UK), Halo is a leading manufacturer of healthy bars and snacks, with an extensive portfolio that includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars, including the rapidly growing “Skinny” brand. It has a diverse customer base including national retailers and established international brands. Halo has built an outstanding reputation for providing excellent customer service and exceptional product quality with a focus on the better-for-you segment.

Alexander de Haas, Nimbus, said, “When Nimbus acquired 100 per cent of Halo Foods’ shares in 2016, it was already clear that the company was operating in a fast-growing segment and showed enormous potential. Over the past four years, Nimbus, together with the management team, has helped Halo to build on its strengths. This meant focusing on building the team, streamlining the operation, investing in the production capacity and an entrepreneurial focus on customers and product development.”

“The management team of Halo has worked tirelessly, in partnership with Nimbus, to build the Company into an industry-leading provider, serving retailers and brands. Nimbus was the right partner in the last four years to create this exciting and leading platform and we believe our new partnership with Peak Rock will help Halo to accelerate its strong growth trajectory by drawing on their extensive experience in food and beverage and by continuing to invest in our people and capabilities,” said John Tague, Chief Executive Officer of Halo.

ABOUT HALO FOODS LTD.
Halo Foods Ltd. is a leading manufacturer of healthy bars and snacks. Based in Newport, Wales, the Company manufactures fruit and nut, cereal, gluten-free, nougat, high-protein and nutritionally controlled bars for a diverse, blue-chip customer base that includes leading retailers and international snack brands. For further information, please visit www.halofoods.co.uk.

Please contact Alexander de Haas for more information +31 6 12 27 75 09