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.