Triodos Organic Growth Fund (TOGF) is part of a consortium that acquired Naturgie, a leading French company offering a broad range of organic products varying from jams, compotes and chutneys to chocolates and semi-candied fruits. The consortium aims to accelerate Naturgie’s growth and strengthen its focus on high-quality organic products. Other consortium partners are experienced French investors/entrepreneurs in the French organic market.
Naturgie has a leading position in the market for jam and fruit-spreads in organic specialty networks. In 2017, the company obtained the French BioED (BioEntrepriseDurable) label, recognizing it as part of a community of organic companies that, beyond the organic European regulation, are committed to integrating sustainable development into their mission and to contributing positively to the transformation of society.
Second TOGF investment in France
Naturgie is the second investment of TOGF in the French market. Recently, TOGF made its first investment in France by taking a minority stake in vegetarian food company Beendhi. The organic food market in France has been growing very quickly in the last few years. TOGF believes that the French organic food market will continue to grow in the coming years and is therefore committed to grow its presence in this key market.
Jurriën Appers, Fund Manager of Triodos Organic Growth: “We are convinced that, together with both consortium partners, we can further grow the company and its impact in the French organic food market. Also, Naturgie offers an ideal opportunity to function as a platform in France for more organic food brands. It already owns several leading brands and has a solid base which could easily be expanded further.”
A new food system
TOGF advocates a new food system. A system in which we work with, instead of against nature, and one that does not cause damage to the soil or biodiversity. Also, we need to change to a healthier diet, with less processed and animal-based food and more plant-based food. And finally, the food system must become a fair system, in which every link in the chain receives a fair wage. Connecting producers and consumers and the revaluation of our food play an important role in this.