French food ingredients firm Solina Group has agreed to acquire the Industrial Flavouring Division of Paulig, which provides taste products for Nordic meat industry.
This new development is expected to help Solina to increase its presence in Nordic countries and Russia as well as to complete its fast growing network of local service operations in the region.
Solina Group CEO Eric Terré said: "Solina expands in Western Europe within its three core businesses: Service to Meat Industry, Service to the Culinary and Snack In- dustries and Service to Professionals.
"Paulig's Industrial Flavouring Division represents a perfect strategic match for Solina Group in expansion process. Customers of both Solina and Paulig's Industrial Flavouring Division will benefit from an extended service platform and more R&D and innovation investments."
Terms of the transaction remain undisclosed.
Headquarters in Helsinki, Paulig's food ingredients business has around 150 employees and offers a fast track delivery service to all customers.
The company has developed long term relationships with the Nordic blue chips Meat, Prepared Meals and Snacks producers, Solina stated.
Image: Paulig's Industrial Flavouring Division is the Nordic Market leader in the field of taste products for meat industry. Photo: courtesy of artur84/ freedigitalphotos.net.
