On March 31, 2023, the shareholders of Royal Buisman (or the “Company”) entered into a definitive agreement to sell the Company to Nactarome. The sale follows the carve-out of Royal Buisman from Prinsen Berning, a portfolio company of Bencis Capital Partners. Current management will continue in its position and looks forward to the next growth journey together with its new partner.
Royal Buisman is an established producer of natural caramelised ingredients for the food and beverage industry. International customers use its products to improve the taste and intensify the natural colour of their products.
Headquartered in Zwartsluis, The Netherlands, Royal Buisman leverages 150 years of knowledge and expertise in the field of caramelised sugars, enriching sugars into 100% pure and natural caramel ingredients for B2B food and beverage producers. The Company produces dry powder and liquid caramel ingredients that strengthen the ‘signature’ of a wide range of bakery, instant hot drinks, meat, meat replacers and savoury food products as well as (alcoholic) beverages. Royal Buisman’s products deliver taste, aroma, colour and texture enhancement to its customers, providing a unique experience for end-consumers and a cost-effective and natural ’’clean-label” alternative.
Royal Buisman was acquired in 2016 by Prinsen Berning, a group that is ultimately controlled by Bencis Capital Partners. While the coffee powder business of Royal Buisman was integrated within the group, the natural caramelised ingredients production stayed in Zwartsluis as an independent subsidiary. Since the focus of the group shifted to the B2B active nutrition segment, Prinsen Berning decided to sell Royal Buisman.
With the acquisition, Nactarome further broadens its product assortment of natural ingredients for speciality products. Furthermore, the company strengthens its customer base with blue-chip food and beverage companies, who are primarily based in Europe. Royal Buisman and Nactarome envisage strong collaborative opportunities in several end-markets as well as diversifying the customer base of the Company. Nactarome has a strong foothold in Asian markets, that Royal Buisman could benefit from.
The sale of Royal Buisman was overseen by Squarefield, a Food & Agri focused corporate finance advisor with offices in Amsterdam, Frankfurt, and Antwerp.