MANE to acquire Cargill’s texturizing compounds business
23 May 2014, Cargill has completed the sale of its compounds business to Mane. All clearances have been received and the transaction has been closed on 23 May 2014.
- MANE to strengthen footprint in technology compounds for meat processing industry
- Cargill’s texturizing solutions business to sharpen focus on core business
Mechelen, Belgium and Le Bar-sur-Loup, France, April 29 2014 - MANE and Cargill agree on the sale of Cargill’s compounds business, including a plant in Rubi, Spain.
A part of Cargill’s texturizing portfolio until now, the compounds business has specialized in blends of a wide variety of functional ingredients. It has developed an advanced position in the segment of technology compounds for the meat processing industry in Spain and other large meat markets in Europe.
MANE has a strong position in the meat processing industry in France with its MEAT PRO operations and centre of excellence. This addition is complementing and strengthening MANE’s expertise in the domain to become a European leader in the sector.
The sale of the compounds business is consistent with Cargill’s texturizing solutions business strategy of sharpening the focus on its core business, and as such, bring more value to its customers.
The new entity will operate under the umbrella of MANE IBERICA.Terms of the agreement are not disclosed. Closure of the transaction is expected in the next few weeks.
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 143,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.
MANE is one of the worldwide leading fragrances and flavours houses, run and owned by the MANE family since 1871. Present in over 30 countries with 40 R&D centres and 22 manufacturing sites, MANE has built its growth and reputation on technological innovation, particularly in terms of natural extraction, encapsulation and flavouring solutions for complex formulations.
MEAT PRO, MANE’s Meat Centre of Excellence, provides customised functional and aromatic solutions for the meat industry throughout Europe, the Middle East and Africa.
# # #