In a market characterised by consistently growth we have been creating the first European champion for chilled ready meals and snacks.
Key facts at a glance
- Growth potential through new customers, product innovations and premiumisation
- Initial focus: Operational improvements to cope with significant increase of raw material prices
- Leveraging cross-selling potential of complementary businesses
Revenues in €mn
DBAG Fund VII
As of 31 December 2022
Two companies, which will continue to be managed independently at the beginning, operate under the umbrella of More than Meals. Abbelen is a leading German manufacturer that is responsible for producing more than half of all rissoles and ready-made hamburgers for the own-brand ranges of major supermarket and discount chains in Germany and its neighbouring countries. The company runs a state-of-the-art factory in Tönisvorst (North Rhine-Westphalia).
Oscar Mayer is the market-leading manufacturer of chilled ready meals in the United Kingdom, which is by far the biggest and most innovative market for these products in Europe. The company has four sites in England and Wales and produces more than three million chilled ready meals and snacks a week for the own-brand ranges of leading retailers and discount stores.
chilled ready meals and snacks are produced by Oscar Mayer alone every week
Potential for development
The companies that belong to the More than Meals group plan to expand the range of innovative products they offer and to make their activities, which are currently focused largely on the individual domestic markets, more international. The focus will also be on cost cutting measures and operational improvements, for example, by automating production processes.
Kai Wiesenbach joined Deutsche Beteiligungs AG in 2004 and became a Managing Director in 2010.
He holds a degree in Business Administration from Goethe University, Frankfurt.
Kai Wiesenbach can look back on 18 years of experience in private equity. During that time, he gained extensive expertise, particularly in mechanical and plant engineering and the automotive supplier sector. He was involved in numerous acquisitions and realisations, including Coperion, Heim & Haus and Lewa. He led the investment process in Formel D and More than Meals and sits on the advisory council of More than Meals.