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MyProtein owner THG Group has agreed to sell its Claremont Ingredients business to international flavour specialist Nactarome for £103 million.

Claremont is a UK-based independent flavour manufacturing and development laboratory for sports nutrition, alongside specialisms in bakery and beverages.

It has been part of the THG Nutrition business since the group acquired it in 2020, with an aim of accelerating MyProtein’s ambitions in launching a global licensing range in addition to NPD.

THG said the acquisition of Claremont delivered ‘significant return through cash generation plus disposal proceeds,’ as well as step-changing MyProtein’s flavour capabilities. It said that the relationship will be protected through a long-term supply contract and the broader, international capabilities of Nactarome.

Matthew Moulding, CEO of THG, commented: “Claremont has been a huge success, building Myprotein's global licensing franchise from a standing start to partnering with category leading brands in just a few years”.

“After receiving a highly competitive offer, the timing was right to realise that value. The level of interest we received is a testament to the quality of the business. This disposal highlights the significant value embedded across THG's portfolio. My sincere thanks go to the entire Claremont team for their fantastic contribution and hard work.”

Nactarome, majority owned by TA Associates, creates natural flavour, taste and colour solutions for the food and beverage industry. It is a European business with over 600 employees in nine countries, including Italy, the UK, France and Belgium.

Its acquisition of Claremont marks the company’s entry into the sports nutrition market. In a statement, Nactarome said Claremont’s production, analytical and innovation capabilities complement Nactarome’s flavour and ingredient heritage, with shared values of innovation, customer focus and collaboration.

Luigi Del Monaco, CEO of Nactarome Group, said: “The acquisition of Claremont marks a significant add-on to our existing and important business footprint in the UK”.

“At Nactarome, we are committed to continuing our close and strong collaboration with THG to drive innovation and agility, ensuring that we remain at the forefront of market trends.”