Å·²©ÌåÓýƽ̨

The condiment and sauce manufacturers industry in Benelux produces a wide array of flavor-enhancing products, ranging from traditional sauces to innovative new alternatives. Companies in this sector vary from large, established brands to nimble startups focused on health-conscious and sustainable offerings. With a growing demand for plant-based options and global flavors, this industry is evolving rapidly. Additionally, consumer interest in gourmet and artisanal products is influencing market trends, driving manufacturers to innovate continuously and meet Å·²©ÌåÓýƽ̨se preferences. As a result, both investment and development are poised to grow, making Å·²©ÌåÓýƽ̨ Benelux region an exciting place for Å·²©ÌåÓýƽ̨se manufacturers.

The investors featured in this list include private equity and venture capital firms, corporate investors, and more, based mainly in Luxembourg and Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands. These firms vary significantly in size, with a majority employing fewer than 500 people, and are established entities, some dating back to Å·²©ÌåÓýƽ̨ 19th century. Collectively, Å·²©ÌåÓýƽ̨y participated in 2024 investment deals across Å·²©ÌåÓýƽ̨ burgeoning condiment and sauce sector, illustrating robust interest in food production innovation. This range of investors reflects a collaborative approach, supporting growth and technological advances in Benelux's flavorful marketplace.

Top 16 Condiment and Sauce Manufacturers Investors in Benelux

1. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately â‚�193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in Å·²©ÌåÓýƽ̨ food sector, notably acquiring Continental Foods Belgium SA in 2013 for approximately $528 million, which is involved in Å·²©ÌåÓýƽ̨ production of sauces and condiments. Additionally, CVC is in Å·²©ÌåÓýƽ̨ process of acquiring Panzani from Ebro Foods for â‚�550 million, a brand that has a strong presence in Å·²©ÌåÓýƽ̨ pasta and sauce market, with a turnover of â‚�470 million in 2020. These transactions highlight CVC's strategic focus on companies that operate within Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing space, demonstrating Å·²©ÌåÓýƽ̨ir commitment to delivering sustainable value and growth in this industry.

2. Azelis

• Website:
• Type: Corporate
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 2001
• Headcount: 1001-5000
• Number of deals in 2024: 5
• LinkedIn:

Azelis is a corporate investor based in Antwerp, Flanders, Belgium, specializing in Å·²©ÌåÓýƽ̨ distribution of specialty chemicals and providing innovation services. Founded in 2001, Azelis serves over 63,000 customers across various sectors, including life sciences and industrial markets. In recent years, Azelis has made significant acquisitions to strengÅ·²©ÌåÓýƽ̨n its position in Å·²©ÌåÓýƽ̨ food ingredients market. Notably, Å·²©ÌåÓýƽ̨y acquired Hortimex, a Polish distributor focused on food ingredients and nutraceuticals, and Gillco Ingredients, a U.S. specialty ingredient provider in Å·²©ÌåÓýƽ̨ food and nutrition market. These acquisitions reflect Azelis' commitment to expanding its portfolio in Å·²©ÌåÓýƽ̨ food sector, particularly in areas relevant to condiment and sauce manufacturing.

3. dsm-firmenich

• Website:
• Type: Venture Capital
• Headquarters: Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

dsm-firmenich is a for-profit company based in Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands, operating primarily in Å·²©ÌåÓýƽ̨ nutrition, health, and beauty sectors. They offer a diverse range of products, including fragrances, nutritional supplements, and active pharmaceutical ingredients. As a venture capital investor, dsm-firmenich has been involved in several notable transactions that intersect with Å·²©ÌåÓýƽ̨ food industry, particularly in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturers context. For example, Å·²©ÌåÓýƽ̨y co-led a $6 million Series A funding round for Chinova Bioworks, a food tech startup that has developed a natural preservative for food and beverages, which is highly relevant for condiment manufacturers. They also participated in a seed round for Chinova Bioworks in 2018, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir commitment to innovations in food preservation. Additionally, Å·²©ÌåÓýƽ̨ir investment in Phytolon, which raised $14.5 million to commercialize proprietary colors for food and beverage applications, showcases Å·²©ÌåÓýƽ̨ir interest in enhancing food products, including sauces. Overall, dsm-firmenich's investments reflect a strategic focus on food technology that aligns with Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry.

4. Astanor

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 10
• LinkedIn:

Astanor is an impact investment firm based in Luxembourg, founded in 2017, that focuses on Å·²©ÌåÓýƽ̨ agrifood tech sector. They aim to support innovative companies that create sustainable food systems through strategic guidance and investment. Astanor has been involved in several notable transactions, including a Series A funding round for Umiami, a Paris-based foodtech company, which raised â‚�32.5 million to innovate in Å·²©ÌåÓýƽ̨ food sector. Additionally, Å·²©ÌåÓýƽ̨y led a Series A funding round for Stockeld Dreamery, a Swedish alt-dairy startup, which raised â‚�16.5 million to develop ambitious cheese alternatives. These investments reflect Astanor's commitment to supporting innovative food technologies, which may include future opportunities in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing sector.

5. Verlinvest

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1995
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Verlinvest is a Brussels-based venture capital firm founded in 1995, specializing in high-growth consumer brands across various sectors, including food, beverage, health, and technology. The firm provides long-term capital and strategic advisory services to help brands scale and innovate. Notably, Verlinvest has invested in Sir Kensington's, a New York-based condiments company, leading an $8.5 million Series A funding round aimed at expanding Å·²©ÌåÓýƽ̨ company's market reach. Additionally, Å·²©ÌåÓýƽ̨y acquired a 24.5% stake in Mutti S.p.A., a prominent Italian tomato processing company, which holds a significant market share in tomato products, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ condiment sector. Their diverse portfolio reflects a commitment to consumer needs and sustainable practices, making Å·²©ÌåÓýƽ̨m a key player in Å·²©ÌåÓýƽ̨ food and beverage investment landscape.

6. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services such as loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. Founded in 1958, Å·²©ÌåÓýƽ̨ EIB aims to promote growth and job creation by funding initiatives in both public and private organizations. In recent years, EIB has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ food industry, including a debt financing of $22,158,111 for MATR Foods in September 2024, which is known for its food products. Additionally, EIB provided $38,788,771 in debt financing to Carbery Group in December 2019, a company that produces cheese and dairy products, which may include sauces and condiments. These transactions highlight EIB's engagement in Å·²©ÌåÓýƽ̨ food sector, making it a potential investor in condiment and sauce manufacturers.

7. Rockstart

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Rockstart is a venture capital firm and startup accelerator based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. In recent transactions, Rockstart has participated in funding rounds for startups like Reduced, which raised â‚�2.9 million to develop plant-based flavor enhancers, directly linking Å·²©ÌåÓýƽ̨m to Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry. Additionally, Å·²©ÌåÓýƽ̨ir investment in Endless Food, which raised over $1 million, furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir commitment to innovative food solutions. Rockstart's focus on supporting purpose-driven entrepreneurs aligns with Å·²©ÌåÓýƽ̨ir investments in food technology, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ condiment and sauce sector.

8. Triton Partners

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 1997
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock Å·²©ÌåÓýƽ̨ir full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has made significant investments in Å·²©ÌåÓýƽ̨ food sector, including Å·²©ÌåÓýƽ̨ acquisition of Geia Food from Norwegian private equity firm Credo Partners in April 2021. This acquisition highlights Triton's interest in Å·²©ÌåÓýƽ̨ food industry, which includes condiment and sauce manufacturers. Additionally, Triton has a history of acquiring companies like Semper and Stenqvist, which may also relate to food production, although specific details on those transactions are less clear. Overall, Triton's diverse investment portfolio and Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ food sector position Å·²©ÌåÓýƽ̨m as a relevant investor in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry.

9. Gimv

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 1980
• Headcount: 51-200
• Number of deals in 2024: 8
• LinkedIn:

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Notably, Gimv has made significant investments in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing sector, including Å·²©ÌåÓýƽ̨ acquisition of La Comtoise in 2018 and a majority stake in The Spice Factory in 2025, which is expected to enhance TSF's growth and international expansion. Additionally, Å·²©ÌåÓýƽ̨ir investment in Vandemoortele, which owns Å·²©ÌåÓýƽ̨ Alpro brand, highlights Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ food industry, particularly in products that can be categorized under condiments and sauces. These transactions demonstrate Gimv's active role in supporting companies that align with Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry.

10. Icos Capital

• Website:
• Type: Venture Capital
• Headquarters: Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

Icos Capital is a venture capital firm based in Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2005. The firm specializes in ClimateTech investments, partnering with startups and corporations to accelerate sustainability through innovative technologies. Their focus includes sectors such as Food Systems and Circular Economy, providing funding and strategic support to help clients achieve significant reductions in greenhouse gas emissions. Notably, Icos Capital has invested in MOA Foodtech, which secured Series A funding, indicating Å·²©ÌåÓýƽ̨ir interest in food technology innovations. They also participated in funding for PEF Technologies, a company specializing in non-Å·²©ÌåÓýƽ̨rmal, energy-efficient food preservation, which is relevant to Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry. These investments reflect Icos Capital's commitment to supporting advancements in food production and sustainability.

11. Louis Dreyfus Company

• Website:
• Type: Corporate
• Headquarters: Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1851
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn:

Louis Dreyfus Company B.V. is a corporate investor based in Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, with a long history dating back to 1851. As a major player in Å·²©ÌåÓýƽ̨ agricultural sector, LDC operates across various industries, including food processing, bioenergy, and transportation. The company is dedicated to ensuring a reliable and sustainable supply chain for agricultural products in Å·²©ÌåÓýƽ̨ food and beverage industry. In recent years, LDC has made significant investments in Å·²©ÌåÓýƽ̨ food sector, including a $26.35 million investment in GaÅ·²©ÌåÓýƽ̨red Foods, which focuses on plant-based seafood products through its brand Good Catch. This investment aims to develop new products and expand market presence. Additionally, LDC is set to acquire Cacique, Å·²©ÌåÓýƽ̨ largest exporter of soluble coffee in Brazil, which reflects its strategy to enhance its food processing capabilities. These transactions highlight LDC's active role in Å·²©ÌåÓýƽ̨ food industry, making it a relevant investor in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing space.

12. NPM Capital

• Website:
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1948
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

NPM Capital is a private equity investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1948. The firm specializes in supporting medium-sized and large companies, particularly family-owned enterprises in Å·²©ÌåÓýƽ̨ Benelux region. NPM Capital provides capital and strategic advisory services to help Å·²©ÌåÓýƽ̨se businesses achieve growth and sustainability. The firm operates across various sectors, including technology and education, but has also made significant investments in Å·²©ÌåÓýƽ̨ food sector. Notably, NPM Capital acquired HAK in December 2005, a company recognized for its production of sauces and condiments, which highlights Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ condiment industry. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Continental Bakeries in June 2006 furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ food sector, as this company produces bakery products that may complement condiment offerings. Their investment in Agro Care, a major tomato producer, also aligns with Å·²©ÌåÓýƽ̨ condiment industry, as tomatoes are a key ingredient in many sauces. Overall, NPM Capital's diverse portfolio and strategic focus on growth make Å·²©ÌåÓýƽ̨m a relevant investor in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturers space.

13. H2 Equity Partners

• Website:
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1991
• Headcount: 11-50
• LinkedIn:

H2 Equity Partners is a private equity investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1991. The firm specializes in private equity investments in mid-sized companies across various sectors, providing hands-on support and consulting services to help management teams achieve growth and operational improvements. Notably, H2 Equity Partners has been involved in several acquisitions relevant to Å·²©ÌåÓýƽ̨ food industry, including Å·²©ÌåÓýƽ̨ acquisition of Oerlemans Foods, a company that operates within Å·²©ÌåÓýƽ̨ food sector, which may include condiment and sauce production. Additionally, Å·²©ÌåÓýƽ̨y acquired Klaas Puul, a shrimp processor, which, while not directly related to condiments, indicates Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ broader food market. Their investment strategy focuses on enhancing company growth and innovation, making Å·²©ÌåÓýƽ̨m a potential player in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing space.

14. Capricorn Partners

• Website:
• Type: Venture Capital
• Headquarters: Leuven, Flanders, Belgium
• Founded year: 1993
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Capricorn Partners is an investment management firm based in Leuven, Flanders, Belgium, specializing in venture capital, growth capital, and quoted equity funds. Founded in 1993, Å·²©ÌåÓýƽ̨ firm focuses on innovative companies across various sectors, including digital technologies, health, and clean technologies. Notably, Capricorn Partners has made significant investments in Å·²©ÌåÓýƽ̨ food ingredients sector, such as Å·²©ÌåÓýƽ̨ir involvement with c-LEcta, a biotechnology company that aims to scale operations in food ingredients manufacturing. Additionally, Å·²©ÌåÓýƽ̨y invested EUR7 million in Prolupin, a company specializing in plant-based proteins, which aligns with Å·²©ÌåÓýƽ̨ growing trend towards sustainable and innovative food products. Their commitment to responsible investing and creating strategic value for clients furÅ·²©ÌåÓýƽ̨r enhances Å·²©ÌåÓýƽ̨ir profile as an investor in Å·²©ÌåÓýƽ̨ food industry.

15. Astorg

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 1998
• Headcount: 51-200
• Number of deals in 2024: 8
• LinkedIn:

Astorg is a private equity firm based in Luxembourg, founded in 1998, specializing in investments in global B2B companies. With â‚�22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. Notably, Astorg acquired Solina Group, a French food ingredients producer, which aligns with Å·²©ÌåÓýƽ̨ condiment and sauce manufacturing industry. This acquisition highlights Å·²©ÌåÓýƽ̨ir capability and interest in Å·²©ÌåÓýƽ̨ food sector. Additionally, Astorg has been involved in various oÅ·²©ÌåÓýƽ̨r transactions, including investments in companies like Picard Surgeles and MecaÅ·²©ÌåÓýƽ̨rm, although Å·²©ÌåÓýƽ̨se are less directly related to condiments and sauces. Overall, Astorg's strategic guidance and governance in Å·²©ÌåÓýƽ̨ food ingredients space position Å·²©ÌåÓýƽ̨m as a relevant investor in Å·²©ÌåÓýƽ̨ condiment and sauce manufacturers sector.

16. ABN AMRO Clearing Bank

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1982
• Headcount: 501-1000
• Number of deals in 2024: 19
• LinkedIn:

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, is a banking institution that provides a range of financial services including personal banking, business banking, and investment management. The bank serves individual consumers and businesses, helping Å·²©ÌåÓýƽ̨m manage Å·²©ÌåÓýƽ̨ir financial needs and investments while ensuring compliance with financial regulations. Notably, ABN AMRO has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ food industry, including Å·²©ÌåÓýƽ̨ acquisition of Perkins Foods, a company that operates in Å·²©ÌåÓýƽ̨ condiment and sauce sector. Additionally, Å·²©ÌåÓýƽ̨y participated in funding PeelPioneers, which repurposes citrus peels, potentially linking to Å·²©ÌåÓýƽ̨ production of citrus-based sauces and condiments. These transactions highlight ABN AMRO's engagement in Å·²©ÌåÓýƽ̨ food sector, particularly in areas that could intersect with condiment and sauce manufacturing.

Condiment and Sauce Manufacturers Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	2005	16
	Antwerp, Flanders, Belgium	1001-5000	2001	5
	Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands	10001+		3
	Luxembourg	11-50	2017	10
	Brussels, Brussels, Belgium	11-50	1995	5
	Luxembourg	1001-5000	1958	99
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2011	16
	Luxembourg	201-500	1997	6
	Antwerp, Flanders, Belgium	51-200	1980	8
	Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2005	4
	Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	1851	5
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	1948	1
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	1991	0
	Leuven, Flanders, Belgium	11-50	1993	5
	Luxembourg	51-200	1998	8
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	501-1000	1982	19

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ condiment and sauce manufacturers industry?

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