Verstegen
Squarefield acted as exclusive financial adviser to Verstegen on the merger of DP&S and Verstegen Spice Group
On January 22, 2026, Verstegen Spice Group (“Verstegen”) and Dutch Protein & Services (“DP&S”), a processor of customised functional food ingredients, reached an agreement under which DP&S will merge with the Verstegen Spice Group. Through the transfer of shares from Chris Driessen to his brother Michel Driessen, the family businesses are reunited, creating a solid foundation for the next phase of growth.
The added value of this combination lies in bringing together DP&S’ expertise in customised functional food ingredients with Verstegen’s scale and capabilities in spices, sauces and seasonings. DP&S and Verstegen will continue to be guided by the principles that have characterised both family businesses for decades, including quality, service, innovation and the building of long-term, sustainable customer relationships. DP&S and Verstegen will each continue to operate fully independently, retaining their own market positions and strategy.
Verstegen
Verstegen produces high-quality herbs, spices, sauces, and marinades for retail, the food industry, fresh specialists, and foodservice. The family-owned company was founded in 1886 and is currently owned by the fourth generation. Verstegen is headquartered in Rotterdam, employs more than 550 FTE and aspires to be the world’s most sustainable herbs and spices company, offering products of the highest quality.
Michel Driessen – Owner and advisory board member of Verstegen“I am proud that DP&S and Verstegen are moving closer together once again, while both companies continue to operate independently. Both businesses share the same values, an entrepreneurial mindset and a strong focus on quality and long-term customer relationships. I am confident that by working more closely together, we can further strengthen our combined capabilities and serve our customers even better.”
“I would sincerely like to thank Squarefield for its support and dedication, combining a highly personal approach with strong expertise and clear guidance throughout the process.”
DP&S
DP&S is an innovative developer and producer of functional ingredients, coating systems and flavour solutions for a pan-European customer base of food processors. All solutions are developed tailor-made and aligned with the specific requirements of each customer, underscoring DP&S’s customer-centric approach and strong focus on co-creation. Founded in 1927, DP&S is headquartered in Tiel and operates sales offices in Greece and Turkey. The company employs 105 FTE.
Chris Driessen – Adviser and former Chief Executive Officer and owner of DP&S“I am very grateful to have been able, together with my brother, to reunite Dutch Protein & Services as an independently operating company with the Verstegen Spice Group. It is a significant step that will stimulate further growth for the entire group. We both always look at least one generation ahead, and even over the long term we see substantial additional strength and potential emerging.”