Remedium Foods enters into PPA following acquisition of Global Food Group
Remedium Foods acquired Global Food Group and engaged Match Plan to value its intangible assets. This valuation was performed through a Purchase Price Allocation (PPA), in accordance with International Financial Reporting Standards (IFRS), specifically IFRS 3 Business Combinations. The PPA was crucial for the correct accounting treatment of the acquisition and also provided valuable strategic insight into the acquisition.
Ambition to become market leader in Europe
Remedium Foods transforms eggs into high-quality ingredients with enhanced nutritional value and a wide range of applications. With its products, the company serves leading brands throughout Europe and aims to become the market leader in value-added egg ingredients.
The takeover The acquisition of Global Food Group, a specialist in liquid egg products with two production sites and over 80 employees, reinforces this ambition. The combination of Remedium Foods' innovative ingredients and Global Food Group's production expertise creates a powerful entity that expands product range, offers economies of scale, and strengthens the European market position.
Brand name and customer relationship valuation
The PPA identified and assessed Global Food Group's brand name and customer relationships, among other things. These intangible assets represent a vital part of value creation and form a solid foundation for Remedium Foods' future growth and competitive position.
A successful collaboration with Match Plan
The valuation The intangible assets assessment was carried out by Match Plan, led by Richard Peeters, Director Valuation. With years of experience in PPA processes and in-depth knowledge of international reporting standards, Match Plan provided Remedium Foods with a solid foundation for transparent reporting and well-founded strategic decision-making.
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