M&A Deal Summary

Corbion Acquires Granotec do Brasil S.A.

On March 25, 2019, Corbion acquired food company Granotec do Brasil S.A. for 45M USD

Acquisition Highlights
  • This is Corbion’s 2nd transaction in the Food sector.
  • This is Corbion’s largest (disclosed) transaction.
  • This is Corbion’s 1st transaction in Brazil.

M&A Deal Summary
Date 2019-03-25
Target Granotec do Brasil S.A.
Sector Food
Buyer(s) Corbion
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

Granotec do Brasil S.A.

Araucária, Brazil
Granotec do Brasil S.A. is a specialist in functional blends for the Brazilian bakery industry. Granotec is a platform of a technological application into biotechnology and nutrition, supplying ingredients as well as services, such as laboratory analysis, equipment sales, and its technical assistance and professional qualification.

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Buyer(S) 1

Buyer

Corbion

Amsterdam, Netherlands

website

Category Company
Founded 1919
Sector Food
Employees2,493
Revenue 1.1B EUR (2021)
DESCRIPTION

Corbion is engaged in the production and supply of biobased food ingredients and biochemicals. The Company delivers biobased products made from renewable resources and applied in global markets like bakery, meat, culinary, pharma, home and personal care, and resins. Corbion was founded in 1919 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 3 of 4
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Brazil) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 TerraVia Holdings

South San Francisco, California, United States

TerraVia is a next-generation food, nutrition and specialty ingredients company that harnesses the power of algae, the mother of all plants and earth's original superfood. With a portfolio of breakthrough ingredients and manufacturing, the Company is well positioned to help meet the growing need of consumer packaged goods and established and emerging food manufacturers to improve the nutritional profile of foods without sacrificing taste, and to develop select consumer brands. The Company also manufacturers a range of specialty personal care ingredients for key strategic partners. Headquartered in South San Francisco, the Company's mission is to create products that are truly better for people and better for the planet.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Corbion N.V. - Frozen Dough Business

East Rutherford, New Jersey, United States

Corbion's Frozen Dough Business provides frozen dough in East Rutherford, New Jersey.

Sell -
Mergr

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