May 2026 – Novastone Partners is pleased to announce a strategic alliance between portfolio company Foo Seng, a specialist in premium frozen Asian products, and Varachaux, a French expert in premium plant-based and meat-based solutions. The partnership represents an important milestone in Foo Seng’s continued growth and expansion strategy.
The alliance brings together two highly complementary businesses to address the growing global demand for gourmet, convenient, and high-quality frozen prepared foods. By combining Foo Seng’s expertise in authentic Asian flavors with Varachaux’s capabilities in innovative plant-based and premium meat recipes, the companies aim to build a stronger and more diversified platform serving multiple segments of the food market.
“Our ambition is to combine the best of our two companies to invest more, develop new products, win new customers, and build a stronger group together.” said Daniel Coutinho, CEO of Foo Seng and Varachaux.
Founded in 1968, Varachaux has built a strong reputation for creativity and product innovation in the French food market. The partnership is expected to accelerate product development, expand distribution across Europe and beyond, and strengthen both companies’ commitment to quality, taste, and sustainability.
“I am delighted to see Varachaux continue its development alongside Foo Seng and to see the legacy of the company founded by my father in 1968 continue.” said Gilles Varachaux.
“Varachaux brings its French creativity and excellence in plant-based products. Together, we will surprise and delight consumers seeking new and responsible flavors, with R&D at the heart of our strategy.” said Sabine Bruno, Managing Director of Varachaux.
The alliance is expected to formally become a group in the coming weeks, with the new group name to be announced shortly.
This development reflects Novastone’ continued focus on supporting portfolio companies through longterm growth initiatives, operational scaling, and strategic partnerships.
ABOUT FOO SENG
Foo Seng is a specialist in premium frozen Asian products, offering a curated range of authentic flavors for European consumers. With a strong focus on quality and authenticity, Foo Seng serves multiple segments of the gourmet food market.
ABOUT VARACHAUX
Founded in 1968, Varachaux is a French expert in premium plant-based and meat-based frozen food solutions, recognized for its creativity and product innovation in the French food market. The company is committed to quality, taste, and sustainability, developing new products that surprise and delight consumers.
ABOUT NOVASTONE
Novastone is a global firm tackling SME succession challenges through its Operator-Led Search Fund Program. Novastone partners with mid-career professionals to identify, acquire, and lead established SMEs. The firm provides operational support, capital, and governance throughout the investment lifecycle. Learn more at www.novastone-ca.com
ABOUT NOVASTONE PARTNERS (NP)
Novastone Partners is the exclusive Fund Advisor to the NP Operator-led Buyout Global Fund I, a Luxembourg-based RAIF. The fund targets buyouts in the lower mid-market across Europe and North America and exclusively invest in acquisitions from Novastone to ensure seamless execution and long-term value creation through succession-driven investments. Learn more at www.novastonepartners.com
