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C for Growth, a private equity investment fund, has acquired Damhert Nutrition, a leader in functional healthy foods, to strengthen its presence in the Benelux market and accelerate European growth plans.
C for Growth, an investment fund founded by Wouter Uten, Tom Martens, Maarten Bynens, Jan Pollaris, and Lieven ‘s Heeren, has announced its acquisition of Damhert Nutrition, based in Heusden-Zolder. This acquisition marks a significant milestone for Damhert, which has been dedicated to the development, production, and distribution of functional, healthy food for over 40 years.
The deal comes at a time when Damhert is looking to expand its operations, particularly as the current management team expresses a strong entrepreneurial spirit. Grete Remen, the owner and entrepreneur of Damhert, has decided to partner with C for Growth, entrusting her life’s work to the investment group. “At C for Growth, there was an immediate strong connection. The entrepreneurial DNA and the active, people-oriented support from the investment group gave us the confidence to hand over much of the operational steering,” Remen stated.
With C for Growth’s involvement, Damhert aims to further solidify its strong position in the Benelux region while accelerating its growth plans across Europe. Frédéric Olivier, Investment Director at C for Growth, commented, “Damhert is a particularly stable company with a proven track record and a strong brand in a structurally growing market.”
As the health food sector continues to evolve, driven by increasing consumer awareness regarding allergies, environmental concerns, and the demand for quality assurance, Damhert is well-positioned to capitalize on these trends. The acquisition is expected to enhance Damhert’s market share in the Benelux region and improve its competitive positioning in Europe.
Looking ahead, Damhert plans to introduce new functional food products and improve product quality through enhanced research and development capabilities. The integration of C for Growth’s management expertise is anticipated to streamline operations and improve production efficiencies.
However, the integration process may face challenges, including cultural alignment between the two organizations and the retention of key management and staff. Despite these potential hurdles, both parties express confidence in the partnership’s ability to elevate Damhert to new heights while ensuring continuity for its employees and customers.
As the deal progresses, stakeholders will be closely monitoring the integration efforts and the impact on Damhert’s growth trajectory in the competitive health food market.
