Sector News

Solina Group to acquire New Ivory from Rob Whitehead

September 23, 2016
Food & Drink

Solina Group, a Bréal-sous-Montfort, France-based provider of food ingredient solutions, is to acquire New Ivory, a producer of innovative culinary sauces, from Rob Whitehead.

Solina was supported by Ardian, who became majority shareholder in the company a few months ago.

Following the deal, which represented the the first step in Solina’s new international expansion strategy, Rob Whitehead is selling its majority stake, while New Ivory managing director, Adam Jones, and the rest of the management team will stay at the company.

The group aims to reinforce its position in Europe through targeted add-ons in Germany, the UK, and Central and Southern Europe. It will also accelerate its expansion outside of Europe, in particular through acquisitions in the USA.

New Ivory is a producer of innovative culinary sauces in the UK for the meat, fish and poultry industries. Headquartered in Elland, West Yorkshire, it has approximately 180 employees.

Led by Laurent Weber, CEO, Solina Group provides ingredient solutions for the food industry in the areas of fish, meat, nutrition, ready meals and snacks. The company, which operates 11 production facilities, multiple R&D centers and local sales offices, has approximately 1,000 employees and has presence in 17 countries. The Group’s net sales are over €315m in 2015, across 75 countries.

Source: FinSMEs

comments closed

Related News

February 4, 2023

Unilever names FrieslandCampina’s Hein Schumacher as next CEO

Food & Drink

Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

February 4, 2023

Tetra Pak execs flag plant-based ice cream development hurdles as indulgent offerings expand

Food & Drink

Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.

February 4, 2023

Examining the meaning of eco-labels: Is it time for mandated methodology?

Food & Drink

A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.

How can we help you?

We're easy to reach