IFF says its’ Frutarom division has acquired a 70% stake in Leagel S.rl. (San Marino), a maker of ice cream and gelato ingredients in the European market. The company is family-owned and produces taste, texture and toppings that are sold to ice cream and gelato shops. Financial terms of the deal, including purchase price, were not disclosed.
“The purchase of the stake in Leagel aligns well with our strategic acquisition in 2017 of SDFLC Brasil Indústria E Comércio Ltda. (SDFLC), a Brazilian producer of taste solutions for ice creams and desserts,” said Amos Anatot, president/Frutarom division at IFF. “We see great opportunities to combine these companies and create a global platform for our ice cream ingredients business, expand our geographic reach and leverage cross-selling opportunities.”
Leagal has 61 employees and customers in 25 European countries. IFF has an option to purchase the remaining 30% stake in Leagal after three years.
By Vincent Valk
Source: Chemical Week
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.