French savoury ingredients producer Solina has closed its acquisition of Netherlands-based Food Compounds, as part of its ongoing expansion strategy.
Food Compounds is known for its coating systems and uses patented technology to provide “value-added solutions” to potato processing businesses. Headquartered in Oosterhout, the company has a factory with a dedicated line for the production of allergen-free products.
Solina’s CEO, Anthony Francheterre, said: “With the acquisition of Food Compounds, we continue the development of our coating expertise within Solina, which is a pillar for our future strategic growth. Following the acquisition of Bowman in 2020, Solina keeps on investing in world-class food coating companies.”
Solina’s central Europe managing director, Geert Verhelst, added: “Beyond a strong cultural fit, Solina and Food Compounds are complementary in terms of customer base and solutions portfolio. Solina brings expertise in seasonings, plant-based solutions, functional mixes and sauces, and [Food Compounds] brings added-value coating systems for veggie and potato products.”
Terms of the transaction were not disclosed.
© FoodBev Media Ltd 2021
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