Sector News

Solina Group to acquire New Ivory from Rob Whitehead

September 23, 2016
Consumer Packaged Goods

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

June 16, 2024

Mondelēz, Lotus Bakeries partner to expand Biscoff brand in India, develop co-branded Chocolates

Consumer Packaged Goods

In addition, the two companies will collaborate on developing and launching new chocolate innovations that combine the signature Biscoff flavour and texture with Mondelēz’s iconic brands like Cadbury and Milka. The first co-branded chocolate products are expected to hit the shelves in the UK and Europe in early 2025.

June 16, 2024

Danone, DMC, Michelin and Crédit Agricole Centre France to create precision fermentation platform

Consumer Packaged Goods

The Biotech Open Platform aims to accelerate precision fermentation development by scaling up lab-tested innovative products and processes. By 2025, the project plans to install a demo-scale production line, including a fermenter and purification equipment, with additional equipment and a second production line to follow.

June 16, 2024

Kikkoman breaks ground on $560m US production facility

Consumer Packaged Goods

The new 240,000-square-foot Jefferson site is set on a 100-acre plot at the heart of what will be the 200-acre Food and Beverage Innovation Campus. The plant will be fully integrated and automated using advanced mobile technology. It has been designed for flexibility, speed, efficiency and scalability, with the ability to make smaller or larger batch sizes as needed.

How can we help you?

We're easy to reach