PAI Partners, a leading European private equity firm, has successfully acquired the Savory Solutions business of International Flavors & Fragrances (IFF). The acquisition was completed for a total consideration of $1.3 billion, and it marks a significant milestone for PAI as it expands its portfolio in the food ingredients sector.
The Savory Solutions business of IFF is a global leader in savory taste solutions, providing a wide range of products and services to the food industry. Its portfolio includes flavors, seasoning blends, functional ingredients, and food coatings that are used in a variety of applications such as snacks, soups, sauces, and ready meals.
PAI’s acquisition of Savory Solutions is expected to strengthen its position in the food ingredients market and provide new growth opportunities. The acquisition will also enable PAI to leverage its expertise in the food industry and support the development of innovative solutions that meet the evolving needs of customers.
According to Lionel de Posson, Partner at PAI Partners, “We are delighted to have completed the acquisition of Savory Solutions from IFF. This is an exciting opportunity for PAI to invest in a leading player in the savory taste solutions market and support its growth ambitions. We look forward to working with the management team to drive innovation and create value for customers.”
The acquisition of Savory Solutions is part of PAI’s strategy to invest in companies that have strong market positions and growth potential. PAI has a proven track record of investing in the food industry, having previously acquired companies such as R&R Ice Cream, Yoplait, and Chr. Hansen.
The food ingredients market is a rapidly growing industry, driven by changing consumer preferences and increasing demand for healthier and more sustainable products. The acquisition of Savory Solutions will enable PAI to capitalize on these trends and provide customers with innovative solutions that meet their evolving needs.
In conclusion, PAI’s successful acquisition of IFF’s Savory Solutions business is a significant development in the food ingredients market. The acquisition will enable PAI to strengthen its position in the industry and provide new growth opportunities. With its expertise in the food industry and track record of successful investments, PAI is well-positioned to support the growth of Savory Solutions and create value for customers.
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