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
PepsiCo today announced a new sustainability program called PepsiCo Positive, or pep+, committing to “a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.”
Kerry has completed the acquisition of Niacet, which was previously announced in June, as Kerry seeks to strengthen its food protection and preservation strategy. Niacet is a key player in preservation, and its business complements Kerry’s extensive portfolio of food protection and preservation technologies and processes.
In a study published earlier this month, researchers at the USDA’s Agricultural Research Service (ARS) and UC Berkeley revealed that switching from isobaric to isochoric freezing would significantly reduce energy use and the associated carbon emissions by a significant amount.
