Kiremko, Idaho Steel and Reyco Buy Tummers and Van der Giessen, Building a $456.5M Potato Equipment Group

Five once-separate names in potato processing equipment now sit under a single ownership structure: a food processing equipment group backed by an independently managed investment company affiliated with Investindustrial has completed the acquisition of 100% of Tummers Group and Van der Giessen. That group, Potato News Today notes, already comprises three established names in potato processing equipment — Kiremko, Idaho Steel and Reyco — and the deal folds in Tummers' flake-line technology and Van der Giessen's installation and service business.

The enlarged business has already been referred to as Foodera Technologies, Potato News Today notes, even though the announcement also states a permanent corporate name will be revealed shortly. All five brands — Kiremko, Idaho Steel, Reyco, Tummers and Van der Giessen — are set to continue operating under their existing names regardless of what the parent entity is eventually called.

The acquisition is framed less as a takeover and more as a stitching-together of adjacent specialties along the potato processing chain:

• Kiremko, Idaho Steel and Reyco contribute deep expertise in frozen potato (french fry) processing lines.
• Tummers adds fully integrated potato flake production lines, drum drying technology and related industrial equipment.
• Van der Giessen supplies equipment installation and on-site service capability across projects.

Combined, Potato News Today reports, the group is positioned to offer a broader equipment portfolio spanning both french fries and potato flakes, alongside stronger automation, digital capability and service reach across Europe, North America and Asia.

The announcement also points to a specific technical direction for the combined group: recovery solutions built around water, waste heat and steam. The stated goal is to help processing customers cut energy use and lower total cost of ownership, framing that ties equipment innovation directly to the industry's broader push toward more resource-efficient processing.

This is presented as an area the combination is expected to accelerate, rather than a capability either side already had on its own, suggesting it will draw on engineering strength from across all five brands rather than sit within just one.

The enlarged group will reach approximately $456.5 million (€400 million) in annual revenues, Potato News Today reports. Ownership sits with an independently managed investment company affiliated with Investindustrial, rather than with any of the operating brands themselves — a structure common in equipment-sector consolidation, where a financial sponsor assembles complementary manufacturers under one holding umbrella while leaving day-to-day brand identity largely intact.

The move sits on the supply side of the potato industry rather than the growing or trading side: it changes who builds and services the equipment processors depend on, not who grows or buys potatoes. For processors evaluating fry or flake line investments, it means dealing with a narrower set of larger, more vertically capable equipment suppliers going forward.

Gerardo Chiaia, President and Chief Executive Officer of the Group, said the combination brings complementary technology players in french fries and flakes into one stronger global group, adding that the ambition is to be the partner customers trust for high-quality equipment, innovative solutions, reliable service and long-term value creation across the potato processing industry.

Lennaert van Dijk, CEO of Tummers Group, and Erwin Tummers, Owner of Tummers Group, issued a joint statement saying they are proud that Tummers and Van der Giessen are joining Kiremko, Idaho Steel and Reyco under the same group, and that the combination creates opportunities for their people and customers while preserving the values and technical strengths that built their businesses.