On March 14, 2024, Peka Kroef BV struck an agreement with investment company Nimbus to acquire potato processor Frespo BV.

Peka Kroef’s acquisition of Frespo solidifies its position as a dominant player in the chilled potato product sector and greatly increases its ability to satisfy the escalating demand for premium potato products. With greater capacity, Peka Kroef can more effectively meet customer and market demand as well as take advantage of growth prospects presented by new markets and industry sectors. In addition to increasing operational effectiveness, this calculated decision will open up new avenues for product development and innovation.

Nimbus is thrilled with the recent developments at Frespo and the company’s successful privatization. Peka Kroef is the perfect partner to go on and grow the business. Nimbus sees a lot of potential and opportunity for the future for the current stakeholders at Frespo, including its employees, in this merger with Peka Kroef. Frespo has grown into a successful independent business.

“With Peka Kroef as the new owner of Frespo, we look confidently at the future of Frespo and its employees. Over the past year, we have worked intensively and successfully together with Nimbus on the privatization of Frespo, making us a solid and high-quality company. As part of Peka Kroef, Frespo now has the opportunity to focus on new growth opportunities and further development together with Peka Kroef,” Anouk ter Laak, CEO of Frespo, mentioned.

Peka Kroef looks forward with confidence to a successful integration of the activities in Cuijk. This is to continue to provide customers with high-quality potato products with maximum delivery performance and service.

“The acquisition of Frespo marks an important milestone for our beautiful family business. We are confident that this strategic step will help us to even better meet the needs of our customers and explore new opportunities for growth and innovation. The committed team in Cuijk and their years of expertise in the production of chilled potato products will help us to further strengthen our position as a leading player in the potato processing industry,” Edwin Holleman, CEO of Peka Kroef, concluded.