Gimv Supports The Spice Factory’s European Expansion

Gimv has acquired The Spice Factory (TSF), a leading provider of private label dried culinary herbs and spices in the Benelux. TSF serves both retailers and foodservice clients, marking a significant step in Gimv’s strategy to support consumer businesses with growth potential for international scaling. The company, based in Braine l’Alleud, Belgium, distinguishes itself through its deep category expertise and tailored solutions, enabling customers to gain a competitive edge.

With Gimv's backing, TSF aims to strengthen its market position and broaden its presence across Europe. CEO Jorgen De Pelsmaeker expressed confidence in achieving accelerated growth, leveraging Gimv's support. The acquisition is set to finalize by March 2025, with no financial details disclosed. Gimv acquires a majority stake from Gilde Equity Management and Davy De Muyer, with the management team reinvesting alongside Gimv.