Firmenich has acquired Italian functional ingredients producer Campus from White Bridge Investments and Giampaolo Cagnin for an undisclosed sum.
Campus produces a range of natural ingredients for protein applications including meat, dairy, sauces and plant-based food products, and Firmenich claims this acquisition will enhance its production capabilities in both the animal and vegan protein segments.
According to a statement from Firmenich, Campus developed “deep expertise” in using natural products such as fibres to create customised solutions for the manufacturers.
As part of the agreement, Firmenich will acquire Campus’s research and production facilities in Italy, as well as a new production facility in Monterrey, Mexico, which will begin operations later this year.
Campus will retain its brand identity and will operate as a functional solutions-focused segment within Firmenich’s Flavors division.
Gilbert Ghostine, Firmenich CEO said: “Campus is a company that has been built on innovation and has made its mark in protein solutions.
“We look forward to working together to expand its reach globally and leverage its capabilities into new categories such as dairy and plant-based solutions to make our customers win today and tomorrow.”
Patrick Firmenich, Firmenich’s chairman of the board added: “I am delighted to be welcoming Campus into the Firmenich family, as we share common values, a commitment to world-class research and to leading innovation in natural solutions.
“Giampaolo Cagnin and Federico Fulgoni, Campus’s CEO, have built an impressive organization that we look forward to taking to the next level to offer our customers a complete natural taste experience.”
Federico Fulgoni said: “With Firmenich’s excellence in research and global market reach, I am excited about the many opportunities ahead for Campus.
“By combining our capabilities we will accelerate our longstanding goal of offering the most comprehensive range of clean label solutions for protein applications, cutting across animal and plant-based products.”
© FoodBev Media Ltd 2018