Solina Group acquires Paulig flavours division

By Joyeeta Basu contact

- Last updated on GMT

The acquisition will help Solina expand its business scope in Western Europe, said the company
The acquisition will help Solina expand its business scope in Western Europe, said the company

Related tags: Meal

France's Solina Group will acquire the industrial flavouring division of Paulig to increase its presence in Nordic countries and Russia, the company has said.

Paulig’s industrial flavouring division (IFD) is a producer and supplier of blends, spices, herbs, marinades and functional ingredients to the Nordic meat, prepared meals and snack foods industries.

Speaking about the acquisition, Solina Group CEO Eric Terré said: “The industrial flavouring division of Paulig perfectly fits our North European organisation…[and] it will benefit from the existing Solina’s meat research and development platform as well as the group’s structure for international development​.”

The acquisition will also help Solina expand its business scope in Western Europe within the meat industry, culinary and snack industries and through service to professionals, it said. “Paulig’s industrial flavouring division represents a perfect strategic match for Solina Group in [the] expansion process​,” added Terré.

Paulig Group CEO Jaana Tuominen said: “We believe this is a very good home for the business. For [us], the transaction means that we will focus on consumer goods and foodservice operations within the coffee, international food concepts, spices and snack food categories.

“We have also entered the natural health food category with the acquisition of Risenta AB earlier this year and we will continue to develop this business.”

The deal was closed on 7 April with both parties agreeing to not disclose the transaction value.

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