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

September 25, 2022

Coca-Cola names new president of global ventures

Food & Drink

The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.

September 25, 2022

Perfect Day allies with Onego Bio to speed-up launch of animal-free eggs

Food & Drink

US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.

September 25, 2022

EU fails on food waste: Report reveals bloc discards more than it imports

Food & Drink

Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.