Italian company Silvateam has joined forces with Germany’s JRS Group to create a joint venture focused on the production and sale of pectin and texturising systems as well as the distribution of tara gum.
Called JRS Silvateam Ingredients, the business will invest in the development and production of vegetable-based texturising solutions to respond to the increasing demand for label-friendly food ingredients.
Silvateam and JRS Group said they “aim to build a world-class player for food ingredients”.
“The joint venture will allow our group to accelerate the investment plan in the food ingredients sector. We have developed a growing worldwide market for our products and we are about to start investing in a significant new product line,” said Antonio Battaglia, president of the advisory board of Silvateam Food Ingredients.
“The JV will leverage both partners’ technical competences, R&D know-how and commercial network synergies with significant positive impacts on market penetration.”
Alessandro Battaglia, president of Silvateam, said: “With this joint venture, the Battaglia and Rettenmaier entrepreneurial families will start an important journey together and it is the confirmation for our group that the choice made over ten years ago to invest in the food ingredients was a winner.
Josef Otto Rettenmaier, CEO of the JRS Group, added: “As a leader in insoluble dietary fibre and functional food hydrocolloids, the JRS Group is pleased to strengthen its portfolio with pectin, tara gum and functional texturising systems.
“The portfolio of JRS Silvateam Ingredients Srl. in particular complements JRS’s alginate and cellulose product lines in a synergistic way and enables to offer speciality solutions by extended functional texturising systems.
“Together with Silvateam we enhance our leadership position for vegetable-based and label-friendly food ingredients.”
© FoodBev Media Ltd 2020