Commission clears Solina acquisition

By Niamh Michail contact

- Last updated on GMT

Commission clears Solina acquisition

Related tags: Mergers and acquisitions, Investment, Meal

The European Commission has cleared the acquisition of French ingredient supplier Solina by private investment company Ardian.

After examining details of the acquisition under its simplified merger procedure, the Commission concluded that there was no cause for competition concern as the companies had very limited potential in vertical relationships for the supply of certain food ingredients, such as seasonings.

With 11 production facilities across Europe and a turnover of €305 million in 2014, Brittany-based Solina supplies ingredients for texture, stability and shelf life; nutrients such as protein powders along with supplements; and taste ingredients such as marinades, seasonings and batter coatings.

Eric Terré, CEO and founder of the company said it would benefit from the acquisition through new human and financial resources to focus on growth in emerging markets, strengthen its position in Europe and accelerate exports to Asia and the US.

Philippe Poletti, head of Ardian Mid Cap Buyout, said: "Working in partnership with them, we will draw upon our international network and expertise in the food ingredients sector to develop the company by pursuing an ambitious organic growth strategy as well as targeting acquisitions in this fragmented market.”

In April this year Solina acquired the industrial flavouring division of Finnish company Paulig, which produces blends, herbs, spices, marinades and functional ingredients for the meat, snack and ready meal industries, in a bid to increase its presence in Nordic countries and Russia.

Terré called the acquisition "a perfect strategic match"​ for Solina.

Ardian has assets of €47 bn ($50 bn) and previously invested in British food chain Eat and Luton airport.

Related news

Related products

show more

Power up the next energy drink solution.

Power up the next energy drink solution.

ADM | 27-Jun-2022 | Infographic

Energy drink consumers are always on the lookout for better ways to power their day. Whether that’s innovative formulations suited for active situations,...

OATVITA, A RISING STAR IN THE PLANT-BASED MARKET

OATVITA, A RISING STAR IN THE PLANT-BASED MARKET

OATVITA, a Frulact company | 27-Jun-2022 | Product Brochure

OATVITA is focused on the development of plant-based concentrated liquid solutions for food and beverage industry. We offer innovative and tailor-made...

Beverages with Benefits, from ADM

Beverages with Benefits, from ADM

ADM | 21-Jun-2022 | Product Brochure

Whether they are simply interested in supporting their overall health & wellness or are targeting a specific need state that’s important to them, consumers...

Texturising plant-based meat alternatives

Texturising plant-based meat alternatives

Herbafood | 08-Jun-2022 | Technical / White Paper

At Herbafood, we are certain that the shift towards plant-based eating will continue to play a major role in human nutrition.

Related suppliers

Follow us

Products

View more

Webinars