Leading savoury snacks manufacturers, Europe Snacks and Kolak Food Snacks Ltd. joined forces and are all set to combine their product portfolio and technical expertise to create an unstoppable group. The Group generates a combined revenue of €250m, and produces over 1.4 billion packs annually from six manufacturing sites in France and the UK.
CEO of the Group, Christophe Fenart said, "By bringing together Europe Snacks and Kolak, we are moving towards our goal to become the pan-European partner of choice for our customer's brands, driving innovation across a full range of crisps and snacks. Both businesses share an entrepreneurial spirit and are committed to delivering quality and value to our customers." Rikin Lakhani, Managing Director of Kolak said, "I am delighted to be working with Christophe and the team Europe Snacks. I am very excited about the opportunities that this merger presents both nationally and internationally for us and our customers."
While Lakhani, and Nicolas Eyméoud will keep their positions as Managing Directors in the UK and French businesses, respectively, Ashok Lakhani- co-founder and former Chairman and CEO of Kolak, will join the Group Board as a non-executive Director, while Bharat Lakhani, co-founder, along with the other existing shareholders, will step back from the business. Both the companies will continue operations under their already established brand names.
