Europe Snacks Acquisition and Green Hydrogen Production in Sweden
Key Ideas
  • One Rock Capital Partners, LLC completes the acquisition of Europe Snacks, a private-label savoury snack maker with operations in the UK, France, and Spain.
  • Ardagh Glass Packaging-Europe in Sweden is now producing green hydrogen for glass melting, saving 70 tonnes of CO2 emissions by combusting 109,000 cubic metres of hydrogen.
  • Lidl Belgium decides to stop selling tobacco products in new and renovated stores ahead of a Belgian law that will ban such sales in larger supermarkets from 2025.
  • Groupe Casino sells 69 real estate assets to Groupement Les Mousquetaires for €77 million, reducing financial debt for its subsidiary Quatrim.
One Rock Capital Partners, LLC has successfully acquired Europe Snacks, a Paris-based savoury snacks manufacturer that also serves as a co-manufacturing partner for branded food companies in Europe. Europe Snacks operates production facilities in the UK, France, and Spain and is poised for growth under One Rock's ownership. Meanwhile, Ardagh Glass Packaging-Europe in Sweden has innovated by producing green hydrogen using a hydrogen electrolyser, significantly reducing CO2 emissions in the glass melting process. This sustainable approach aligns with the company's goal of environmentally friendly glass packaging production. On a different note, Lidl Belgium has taken a proactive step by stopping the sales of tobacco products in its new and renovated stores well ahead of the upcoming Belgian law change. Lastly, Groupe Casino's sale of real estate assets to Groupement Les Mousquetaires is a strategic move to cut financial debt and optimize its operations.
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