Project Orange– Integrated Beverage Platform

Project Orange is an established Thai beverage company with 30+ years of industry experience, operating an integrated platform focused on branded beverages, OEM/OBM manufacturing, product development, and distribution. Project Orange has built a strong portfolio of established brands and is among the top players in Thailand’s premium juice and mineral water segments, while also serving customers through OEM and OBM manufacturing capabilities. The company offers a diversified portfolio of non-alcoholic beverages, including juice, ready-to-drink tea and coffee, electrolyte drinks, and functional beverages, supported by capabilities spanning R&D, sourcing, formulation, sterilization, filling, packaging, and distribution.

Project Orange operates a 64,000 sqm manufacturing facility, including approximately 30,000 sqm of production area, with certified manufacturing standards and multiple packaging formats, including PET and aseptic carton. Its established nationwide distribution network provides broad access across modern trade, traditional trade, convenience, foodservice, and e-commerce channels. The company is well positioned to benefit from growing consumer demand for convenient, healthier, and functional beverages, while its integrated manufacturing platform provides opportunities to further leverage existing production capacity.

The shareholders of Project Orange are open to discussions with synergistic strategic partners, particularly those who can assist with international expansion, new customer and channel development, and improve the utilization of the company’s production capabilities.

Acquisition in Baby Food and adjacent children’s food categories: Europe & India

Indicative target profile:

  • Revenue range: EUR 8–30 million
  • Geography: Europe (preference for Eastern Europe) and India
  • Activity: production and/or commercialization of baby food, children’s food products or adjacent value-added food categories
  • Scope: targets do not need to be exclusively focused on baby food, but should have a clear strategic fit with children’s nutrition, early-age consumption or child-oriented snacking
  • Preferred categories: baby food, pouches, purées, children’s snacks, extruded products, biscuits and other food formats with relevance to children’s nutrition or snacking
  • Transaction type: full or majority acquisitions preferred

The buyer has a long-term industrial approach and is looking for companies with strong operational capabilities and potential to become part of an international growth platform in baby food, children’s nutrition and adjacent value-added food categories.

Buy Side Lead in Food Industry

We are currently preparing to pitch for buy-side mandates from two Turkish food manufacturing companies that are actively seeking acquisition opportunities in Europe.

The target universe primarily includes manufacturing companies operating in the following sub-sectors: snacks, dried fruits, chocolate, biscuits, ice cream, frozen food, healthy food, spices and sauces, tomato paste, pickles, canned and preserved food products.

The target companies are expected to generate annual revenues of over EUR 10 million and maintain positive EBITDA. The prospective clients are seeking to acquire a majority stake, up to 100% of the shares, with flexibility for the existing shareholders to pursue a gradual exit structure.

The clients’ focus is strictly on food manufacturing businesses. Accordingly, distribution companies and dairy product manufacturers are outside the scope of interest.

A group of investors has acquired Albert Premier

A group of investors has acquired Albert Premier, a Belgian producer of chocolate coins and mini chocolate products.

Founded in 1947 and based in Beersel, Albert Premier specializes in the production and distribution of individually wrapped chocolate coins and mini tablets for retail, foodservice and private label customers, with products sold internationally across multiple markets.

The company operates a fully integrated production model and has built a strong reputation in its niche, supported by long-standing customer relationships and a global footprint.

With the support of its new shareholders, Albert Premier aims to further expand its international presence and continue developing its product offering in a market driven by premiumization and customization trends.

Special Fruit strengthens its shareholder structure

Special Fruit has further strengthened its shareholder structure through the entry of new investors. The group is now owned by the De Roeck, Maes, Remy and Reyniers families.

 

This partnership is aligned with the company’s ambition to accelerate its international growth and to further strengthen its position within the value chain. For Special Fruit, the transaction ensures continuity through the Maes family, while also bringing additional firepower through the new shareholders.

 

The entry of these families provides not only additional capital, but also complementary expertise and a strong network. This partnership enhances Special Fruit’s ability to capitalise on opportunities in an increasingly consolidating and integrated market, supporting the delivery of its growth ambitions.

Sell-side pitch – UK bottled mineral water business

We have an opportunity to pitch for the sale mandate of a UK bottled mineral water business. The business generated c.£12m revenue and c.£1.5m EBITDA in 2025, and EBITDA is forecast to increase to c.£1.75m in 2026.

Sale of Fabrilacteos (“Helados Jotaerre”) to Estridsa (“Helados Ginos”)

Producer of berry and fruit related products with approx. 90 mEUR turnover

Sale of a Majority Equity Stake in La Industria Harinera to Industrial Danec

ALPAX acted as the exclusive Financial Advisor to Vita Alimentos in the acquisition of 100% of the shares of Delcampo (“La Holandesa”).

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