Food
The Belgian frozen vegetable giant Ardo is still sailing smoothly through the Covid storm. In the financial year that ended on 30 June last year (including the first lockdown), the net profit rose by 14 per cent to 16 million euros.
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As a hard Brexit becomes more likely, British supermarkets are accumulating additional stock. After all, there is a threat of serious shortages, partly due to hoarding shoppers.
Ardo, the vegetable processing company from Ardooie (Belgium), has just acquired Canadian VLM Foods and its subsidiary Compañia Frutera La Paz. These are its first non-European acquisitions and they will help grow its turnover beyond the one billion euro mark.
