Sale of The Spice Factory to GIMV

Positioned as the Benelux market leader in the private label herbs & spices, The Spice Factory (TSF) is now conquering Europe with many blue-chip clients across the continent. TSF takes a branded approach to private label by creating unique retail and food service client brands while also offering several own brands such as ISFI, the leading foodservice spices brand in the Benelux. Additionally, TSF supports category management services by being a strongly entangled partner to its clients, so they grow together.  

How we helped

Our dedicated PwC x-LoS Deals team provided the shareholders with corporate finance, financial due diligence, tax due diligence, commercial assistance and debt advisory services. 

PwC conducted a thorough search for the ideal partner during the competitive auction process, prioritising not only financial terms but also the cultural alignment between the management team and the new shareholder. As a result, Gimv will further assist TSF's management to enhance TSF's position as a leading European flavoring platform.