Galileo Lebensmittel Group has been sold to Dr. August Oetker Nahrungsmittel KG
Galileo Lebensmittel Group
Galileo is one of the leading strategic partners in the development, production and packaging of specialty and premium white label frozen mini pizza and snacking products. Headquartered in Trierweiler, Germany, Galileo operates a modern and well-invested state-of-the-art production facility and is a reliable, high-performance and innovative partner for its customers.
Following continuous strong growth, the shareholders of Galileo Lebensmittel Group decided to find a new owner, who can capitalize on the momentum and further strengthen the business. Within the European frozen snacking market, Galileo demonstrates strong know-how in the production of mini pizzas in the private label segment. Following careful consideration of the potential buyer universe, Lincoln International designed a tailored process generating strong interest from financial as well as a selected number of highly motivated strategic investors. Ultimately, the shareholders of Galileo selected Dr. August Oetker Nahrungsmittel KG as the preferred partner to continue the success story of the company and solidify its market-leading position. The acquisition enables Dr. Oetker to expand its presence in the frozen snack market. Galileo will continue to operate independently by its existing management.
Dirk Damegger, Managing Director in Lincoln’s Frankfurt office, commented, “The frozen food snacking market is vibrant and category champions such as Galileo have the opportunity to prosper. Excellence in every detail, from production over R&D and timely delivery are key success factors. With Dr. August Oetker Nahrungsmittel KG, as one of the most renowned and trusted family-owned food manufacturers worldwide, Galileo has found the ideal partner to further thrive and continue its successful growth path.”
The food companies of Dr. Oetker (Dr. Oetker including Conditorei Coppenrath & Wiese), which are active on all continents, generated sales revenues of EUR 4 billion during 2022 and achieved around 65 percent of its total sales outside of Germany. The companies employ almost 17,000 people worldwide.