Headquartered in Oosterhout (Netherlands) the company operates a strongly automatised plant with a dedicated allergen free facility. Focussed on R&D, Food Compounds is known to do highly innovative coating systems that relies on patented technology to continuously bring added-value solutions to potato processors (pommes noisettes, pommes dauphines, French fries…).
For Solina, this acquisition represents a further step in its expansion strategy following the respective acquisitions of Canadian foodservice leader Berthelet in January 2020, the German industry leader Hagesüd, in May 2020 and the UK-based coating expert Bowman Ingredients in October 2020.
Karel Bezemer, former shareholder, and CEO of Food Compounds commented: “We are convinced that Food Compounds’ innovation strength and technologies combined with Solina’s know-how, strong sales force and their knowledge of a wide variety of global food markets, will have a highly synergetic effect.”
Anthony Francheterre (Solina CEO) added: “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 and contribute to increase Group know-how on this growing coating markets.”
Geert Verhelst (Solina Central Europe Managing Director) stated: “We are continuously impressed by Food Compounds expertise and their innovative capabilities. 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, Karel Bezemer and his teams brings added-value coating systems for veggie and potato products.”
The parties have agreed not to disclose the transaction value.
Astorg is a global private equity firm with over €13 billion of assets under management. We work with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth goals. Astorg enjoys a distinct entrepreneurial culture, a long-term shareholder perspective and a lean decision-making body. Astorg has valuable industry expertise in healthcare, software, technology, business services and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg.
Solina is a European leader in the savoury ingredients European market. With 28 production facilities, multiple R&D centres and local sales offices, Solina designs customized ingredient solutions for clients operating in the savoury food industry, foodservice and butchery markets. Solina‘s services rest upon a functional, a taste and visual and a nutritional expertise to create innovative food solutions.
Press Release Paris 4th October 2021 Solina P.A. du Hindré III 35310 Bréal-Sous-Montfort +33 (0)2 99 60 07 60 solina.com
Headquartered in France, the company has around 2200 employees, direct presence in 17 countries and serves customers in more than 75 countries. The majority shareholder of Solina Group is Astorg, the independent private investment company.
For further information, please visit www.solina.com
Founded in 1970s, Food Compounds leverages over 40 years expertise in the field of powder based and granular premixes for potato industrial customers. Food Compounds main products are coating systems and functional premixes for products such as pommes noisettes, pommes duchesses, pommes croquettes as well as French fries.
Headquartered in Oosterhout (NL) the company operates a highly automatised plant with a dedicated allergen free facility. Focussed on R&D, Food compounds is known to be a highly innovative company that relies on patented technology to continuously bring added value product to its customers.
For further information, please visit www.foodcompounds.com
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