PARIS — The Bel Group, maker of such brands as The Laughing Cow and Babybel cheese, has entered an agreement to acquire the MOM Group from LBO France. Financial terms of the transaction, which is expected to close at the end of the year, were not disclosed.
The MOM Group, built on its Materne and Mont Blanc brands in France, has seen success with its GoGosqueeZ and Pom’Potes brands in both France and the United States. The company has doubled in size in the past five years, achieving sales of €362 million (approximately $400 million) in 2015, the company said. The MOM Group employs 1,300 people at four production sites: two in France and two in the United States.
|Antoine Fiévet, chairman and c.e.o. of the Bel Group|