Sector News

IFF acquires majority stake in ice-cream ingredients maker

March 14, 2019
Food & Drink

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

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach