Divestment by Aalsmeer Foods B.V.

Transaction
Baho food GmbH (Baho) has acquired the shares in Bakx Holding B.V. (Bakx) from Argent Group. Rembrandt M&A acted as the financial advisor of Argent Group in this sale.

Parties
Bakx produces and packages (frozen) meat snacks under a private label and (chilled) Quorn products. These products are mainly sold to retailers and wholesalers. The company had about 100 employees and was located in Veldhoven, the Netherlands.
For more information, see: www.bakx.nl

Argent Group is a British investment fund. The company mainly invests in food-related enterprises. This includes a number of fruit growers, several companies in the meat industry, but also a supplier of deer leather from new Zealand.
For more information, see: www.argentgroup.com

Baho Food is a food processing company with over 50 years’ experience. The group has four subsidiaries: Henri van de Bilt is a supplier of quality meat products founded in 1959, particularly active in the sale of salted, ripened, and smoked meats. Gelderland Frischwaren is a German supplier of convenience meat products such as cheese burgers, meat balls, or nuggets, founded in 1967. Finally, Bakx Foods has also become a part of the group after the takeover. Baho Food has locations in the Netherlands (Beuningen and Veldhoven), and Germany (Emmerich am Rhein and Erkelenz).
For more information, see: www.bahofood.nl
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