Food Compounds
Squarefield acted as exclusive financial advisor to Food Compounds on the sale to Solina Group
On October 1, 2021, our client Food Compounds, a market leading expert in coating systems and functional premixes for the international potato processing industry, successfully sold its business to Solina Group (“Solina”), a leading European producer of savoury ingredients solutions for the food industry.
Through relentless focus on innovation and new product development, Food Compounds has become a specialist in the field of powder-based and granular clean label premixes for the coating of (frozen) potato products, which is inherently part of end-consumers’ experience when consuming potato products.
Food Compounds and Solina share the same entrepreneurial values, agility, flexibility and operational mindset. Beyond a strong cultural fit, both companies are also complementary in terms of customer base and solutions portfolio. Mr. Karel Bezemer, the CEO of Food Compounds, and the team will remain in place and will operate under the lead of Solina’s Central European business unit.
For Solina, this acquisition represents a further step in developing its coating expertise which is defined as a pillar for its future strategic growth, as also evidenced by recent acquisitions of other food coating companies.
Food Compounds
Founded in the 1970s, Food Compounds leverages over 40 years of expertise in the field of powder-based and granular premixes for potato industrial customers. Food Compounds’ main products are coating systems and functional ingredients for potato products such as pommes noisettes, pommes duchesses, pommes croquettes as well as French fries. Food Compounds’ solutions anticipate on the growing appetite and ease of multiple food trends, e.g., take-away, fresh produce alternatives and health (reduce oil and fat intake).
Food Compounds is headquartered in Oosterhout, the Netherlands from where the company operates a highly automatised plant with a dedicated allergen free facility. Focused on R&D, Food Compounds is known to provide innovative patented technology to continuously bring added-value solutions to potato processors.
Karel Bezemer – CEO and owner of Food Compounds”The Squarefield team was instrumental in exploring all strategic options for me and my company. They demonstrated relentless stamina and energy in achieving our joint goals. The team understood my aspirations and how to reflect them on the positioning of Food Compounds. With Squarefield’s support I found a strategic partner with a strong execution power and market knowledge”
Solina Group
Founded in 1988, Solina has become a leading European producer of savoury ingredients solutions for the food industry. Directly present in 17 countries through its 28 production facilities, multiple R&D centres, and local sales offices, Solina designs customised ingredient solutions for clients operating in the savoury food industry, foodservice and butchery markets. Solina‘s services rest upon a functional, a taste and a visual and nutritional expertise to create innovative food solutions for its client base in more than 75 countries. Solina Group is private equity-backed by Astorg with its headquarters in France.