Astorg to acquire Solina from Ardian

By Clara Dijkstra10 days ago

Astorg is to acquire Solina, a leading European manufacturer of ingredient and seasoning blends for the food industry, from Ardian.

Solinas management will reinvest a significant part of their proceeds alongside Astorg.

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Founded in 1988 and headquartered in France, Solina serves more than eighteen thousand clients with 2,250 employees across twenty seven sites across Europe and Canada. The company 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 has leading positions in the countries it operates in, resulting from superior customer service and R&D capabilities. Solina puts sustainability at the centre of its activities by creating healthier food solutions and more sustainable diets as well as by contributing to the development of meat-alternatives.

Anthony Francheterre, CEO of Solina, says: We are delighted that Astorg has agreed to support our next stage of growth. We have a strong cultural fit with Astorg and we will continue this outstanding entrepreneurial adventure with them. Solinas success is the result of a team effort that has allowed us to offer innovative solutions to our clients that have placed their trust in us for many years. We would like to thank Ardian for their support over the past five years.

Eric Terr, Chairman of Solina, says: We are enthusiastic about this opportunity to further grow our business and expand it worldwide. The teams have worked hard these last years to change the group and prepare it for the future, and we can see their passion and will to offer the best to our customers.

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