European investor Ambienta has reached an agreement to sell its portfolio company Nactarome to private equity firm TA Associates.
Nactarome is a European group of companies that supply natural ingredients in the food and beverage sectors, with 11 specialised plants across Italy, the UK, France and Belgium.
The company has more than 500 employees and serves 4,500 clients globally across 100 countries.
With the support of Ambienta (its parent company), Nactarome has grown its revenues in excess of €137 million and has completed six acquisitions.
Hans Udo Wenzel, founder and chairman of Nactarome, commented: “We are extremely happy and grateful about our journey with Ambienta who has enabled our group to become a European leader”.
He continued: “We are now proud to continue this journey with TA Associates and further develop Nactarome in new geographies, markets and technologies thanks to our people, know-how and close customer relations”.
Terms of the transaction have not been disclosed.
In April, Ambienta purchased UK flavours manufacturer TasteConnection.
© FoodBev Media Ltd 2021
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