Essentia has acquired Denmark-based functional protein manufacturer Scanflavour for an undisclosed sum.
Scanflavour manufacturers a range of functional proteins from raw pork materials, and Essentia claims that the acquisition will greatly strengthen its position in the international animal-based protein market as it will grant the company increased access to this segment.
Danish emulsifier company Palsgaard was the previous majority shareholder of Scanflavour, and Essentia says that Palsgaard will continue to distribute products from Scanflavour to the dairy segment.
CEO and president of Essentia International Asger Jacobsen said: “This transaction reinforces our strategic focus on growing our global presence.
“With the strong complementary fit in regards to customer base, product range and technologies, we expect to capture several operational efficiencies, necessary to deliver sustainable and profitable growth.
“We have great respect for Scanflavour and the products they have developed.
“We look forward to working with Palsgaard to develop the dairy market with the newly developed products from Scanflavour”
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