OMMAX supported Just Spices on the successful sale to Kraft Heinz
Just Spices is a tech enabled spice brand offering a broad product portfolio in the market for seasonings and spices with numerous flavors. Just Spices’ products are innovative and inspiring to the customer through appealing design and naming. As the leading food brand among Gen Y and Gen Z, Just Spices is backed by a dedicated and highly engaged community with an unmatched social media presence (e.g. 674k followers on TikTok) and an excellent brand reputation. The company successfully leverages a synergistic omnichannel strategy to reach its customers, translating DTC data into new retail opportunities, enabling it to scale with high velocity through both offline and online channels. Following strong growth in the GSA region, Just Spices successfully launched its international expansion to Spain in March 2021.
In preparation for the sale, OMMAX supported Just Spices with a Commercial Vendor Due Diligence and examined the company’s digital performance, evaluating dimensions like competitive landscape, digital KPIs, customer economics, infrastructure and data organization, as well as validating the business plan and developing value creation potential. The company showed strong double-digit revenue growth across its product portfolio, achieving consistently high conversion rates despite operating in a seasonal market. Just Spices was very satisfied with OMMAX’s work.
Florian Falk, CEO of Just Spices, on the collaboration: “Thank you for all your work and support during the transaction process and articulating Just Spices’ strengths and growth ambitions so well. It was a pleasure working with such a dynamic team.”
Dr. Stefan Sambol, Partner at OMMAX, comments: “Just Spices is an exciting brand with innovative products. The company successfully leverages digital channels to inspire its customers and build a dedicated and highly engaged community, while at the same time translating DTC data into new retail opportunities.”
Do you want to know more about OMMAX’s experience in transaction advisory? Get in touch with Dr. Stefan Sambol: stefan.sambol[at]ommax.de
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ABOUT JUST SPICES
Just Spices is a tech enabled spice brand offering a broad product portfolio in the market for seasonings and spices. Just Spices’ products are innovative and inspiring to the customer through appealing design and naming. As the leading food brand among Gen Y and Gen Z, Just Spices is backed by a dedicated and highly engaged community with an unmatched social media presence (e.g. 657.6k followers on TikTok) and an excellent brand reputation. The company successfully leverages a synergistic omnichannel strategy to reach its customers, translating DTC data into new retail opportunities, enabling it to scale with high velocity through both offline and online channels. Following strong growth in the DACH region, Just Spices successfully launched its international expansion to Spain in March 2021. For more information about Just Spices, please visit www.justspices.de
ABOUT OMMAX – DIGITAL SOLUTIONS
OMMAX – Digital Solutions is a digital strategy consultancy based in Europe, specializing in sustainable digital value creation while catering to an array of mid-sized companies, large enterprises and more than 100 private equity firms around the world. Composed of >200 international experts and with >700 realized digital projects in the fields of digital strategy, digital operational excellence, data science, and transaction advisory services, OMMAX is a forerunner concerning holistic data-driven strategy consulting and end-to-end execution of digital solutions. More information: www.ommax-digital.com