Divestiture • Food

Solina Acquires Intertaste BV - Degens Division

On December 6, 2016, Solina acquired food company Intertaste BV - Degens Division from Intertaste BV

Acquisition Context
  • This is Solina’s 5th transaction in the Food sector.
  • This is Solina’s 1st transaction in the Netherlands.

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M&A Deal Summary

Date December 6, 2016
Target Intertaste BV - Degens Division
Sector Food
Buyer(s) Solina
Sellers(s) Intertaste BV
Deal Type Divestiture

Target Company

Intertaste BV - Degens Division

Puttershoek, Netherlands
Intertaste BV - Degens Division is a business of ingredients and culinary solutions for Butchers in the Netherlands.
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Buyer Overview 1

Buyer

Solina

Bréal-Sous-Monfort, France

Category Company
Founded 1988
Sector Food
Employees2,250
DESCRIPTION

Solina is a European manufacturer of ingredient and seasoning blends for the food industry. The company serves more than eighteen thousand clients with 2, 250 employees across twenty-seven sites across Europe and Canada. It is exposed to resilient food consumption markets and to secular growth trends fuelled by the shift in food consumption towards more premium and natural ingredients. Solina puts sustainability at the center of its activities by creating healthier food solutions and more sustainable diets as well as by contributing to the development of meat alternatives. Solina was formed in 1988 and is based in Bréal-Sous-Monfort, France.


Deal Context for Buyer #
Overall 5 of 10
Sector: Food 5 of 9
Type: Divestiture 2 of 2
Country: Netherlands 1 of 1
Year: 2016 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 New Ivory

Elland, United Kingdom

New Ivory Ltd. is a producer of innovative culinary sauces in the UK for the meat, fish and poultry industries. New Ivory has longstanding relationships with both retail and industry customers based on a deep knowledge and understanding of global taste and food concepts. New Ivory has approximately 180 employees and is headquartered in Elland, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Quomak nv

Leuven, Belgium

Quomak nv is involved in designing and developing industrial recipes with the help of science, technology, creativity, knowhow and expertise gained from years of experience with ingredients and processes.

Buy -

Seller Profile 1

SELLER

Intertaste BV

Puttershoek, Netherlands

Category Company
Founded 1996
Sector Food
Employees220
DESCRIPTION

Intertaste develops and produces innovative, high-quality seasonings, marinades, dressings and sauces. Intertaste has sales of about EUR 100 mln and a combined staff of 300 in three facilities, two in the Netherlands (Puttershoek, Nijkerk) and one in Belgium (Lier).


Deal Context for Seller #
Overall 1 of 1
Sector: Food 1 of 1
Type: Divestiture 1 of 1
Country: Netherlands 1 of 1
Year: 2016 1 of 1

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