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Investindustrial has entered into an agreement to acquire Kiremko Group, Idaho Steel Products and Reyco Systems, collectively recognised as key players in the design and manufacture of customised equipment for the food processing industry.

This acquisition focuses primarily on enhancing capabilities within the potato processing segment, which has seen significant growth and innovation in recent years.

Kiremko Group, which includes Kiremko, Idaho Steel and Reyco, has established a strong reputation for delivering high-quality, innovative solutions for the production of potato products such as frozen French fries, hash browns and potato flakes.

With a combined history exceeding a century, these companies have developed a robust global customer base of over 300 clients across more than 50 countries. The group generated over $200 million in sales in 2024, underscoring its status as a market leader.

Kiremko, founded in 1965 and headquartered in the Netherlands, alongside Idaho Steel and Reyco both based in Idaho, has been at the forefront of advancements in food processing equipment. Their commitment to quality and reliability has made them synonymous with excellence in the industry, particularly in potato processing systems.

Investindustrial plans to leverage this acquisition to create a leading global platform for food processing equipment, with a focus on both organic growth and strategic acquisitions in related sectors. The firm aims to enhance the integration of these companies, combining their strengths to drive innovation and improve customer value.

Andrea C Bonomi, chairman of the Investindustrial's industrial advisory board, said: "As we support their integration and alignment, we are confident that combining our extensive industrial expertise and global network with their unique strengths will accelerate innovation, enhance customer value and further strengthen the group’s market position".

He continued: "This new group is a compelling addition to Investindustrial’s portfolio of exceptional businesses, and we look forward to contributing to its continued success and expansion”.

This move aligns with Investindustrial's broader strategy of investing in companies at the intersection of industrial automation and the food and beverage sectors.

The firm has previously supported businesses like Omnia Technologies and Piovan, recognising the critical role that advanced equipment plays in meeting the evolving demands of food processors.

As the demand for processed potato products continues to rise, driven by consumer trends favouring convenience and quality, the newly unified group is well-positioned to capitalise on these trends. The integration of Kiremko, Idaho Steel and Reyco under Investindustrial's stewardship is expected to enhance their competitive edge and expand their market reach.

With a workforce of over 450 employees and manufacturing facilities across the Netherlands, the US, India and China, the group is set to benefit from Investindustrial's extensive industrial expertise and global network.