French savoury ingredient producer, Solina Foods, has announced its acquisition of a majority stake in UK condiments business Zafron Foods.
Zafron, which works out of two manufacturing sites, produces mayonnaise, sauces, condiments, dressings, chutneys and deli fillers. The business’s brands include Kenny’s, Zafron and Kromberg.
Solina says that the acquisition will help it to “develop its product capabilities and portfolio across dry seasonings, coating systems and custom sauces, and a one-stop-shop approach”.
Solina CEO, Anthony Francheterre, said: “Quick service restaurants, dark kitchens and home meal replacement are driving growth in the sauce sector, particularly in the highly developed UK foodservice market. Yet, there remains a need for custom sauce capacity and capabilities. Solina, with our culinary heritage, and Zafron, with its complementary capabilities and channels, will address that unmet need while advancing our shared mission to make food matter for people and the planet.”
The financial terms of the transaction have not been disclosed.
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial