Iberchem Group to Acquire a Majority Stake in the South African Flavours and Colours Company Versachem
Iberchem Group today announced it has entered into an agreement to acquire a majority stake in Versachem , an established privately owned company specialised in the development and manufacturing of food flavours and colours. Headquartered in Pretoria, South Africa, Versachem has been operating successfully in the region since 2006, offering a wide portfolio of high-quality products and counting on a full team of food technologists and flavourists. Rina Wulfsohn, founder and CEO of Versachem, will remain in the capital.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180506005011/en/
This announcement comes as a first milestone in Iberchem Group's ongoing 2020 strategy of accelerating its organic growth through mergers and acquisitions. The Group is also currently focusing on the expansion of the footprint and capabilities of its flavour division, Scentium , within key fast-growing markets. The terms of the mentioned deal have not been disclosed, while Deloitte and PwC acted as advisors of the transaction.
"We are glad to be welcoming all of Versachem's employees within the Iberchem Group's family," said Ramón Fernández, CEO of Iberchem. "Versachem's portfolio and expertise, as well as its corporate culture, are highly complementary to the ones of the Group. This acquisition will help us to quickly expand our offer in what represents a key market for both our flavour and fragrance divisions. It will definitely accelerate our commitment to developing unique products tailored to local preferences and characteristics. Our team looks forward to leveraging on Versachem's expertise."
"We are delighted to be teaming with the Iberchem Group, " said Rina Wulfsohn, CEO of Versachem. "This alliance will highly benefit our trusted customers in the region mostly by strengthening our existing capabilities and abilities in the development of innovative flavour solutions. It will allow both companies to broaden their offering in South Africa and its neighbouring countries."
With a commercial presence in over 120 countries and counting on 12 R&D/production facilities strategically located around the world, Iberchem has become a leading reference in the Flavour and Fragrance industry since its foundation in Spain in 1985. In 2017, the Group reported sales of €125M. Iberchem is supported by Eurazeo, a leading global investments company listed on Euronext Paris with a diversified portfolio of approximately €15 billion in assets under management.
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
VA-CTA24.5.2018 17:02 | pressemeddelelse
Hisense's Zhou Houjian and Huawei's Kevin Ho to Keynote CES Asia; Focus on Mobility, 5G and Connectivity
LIBERTEX24.5.2018 16:31 | pressemeddelelse
Maximum Cryptocurrencies Available for EU Traders in Libertex
CA-ANDERSEN-TAX24.5.2018 15:32 | pressemeddelelse
Andersen Global’s Middle East Expansion Continues with Solutions Bridge in Kuwait
IA-WORKIVA24.5.2018 15:02 | pressemeddelelse
Workiva Signs OEM Agreement with SAP to Offer SAP® Cloud Platform Integration with the Workiva Wdesk Platform
M-BRAIN24.5.2018 14:27 | pressemeddelelse
M-Brain Appoints New CEO
HYBRID-STOCK-EXCHANGE24.5.2018 14:15 | pressemeddelelse
IBIN Introduced into Billion Dollar Blockchain Market by Hybrid Stock Exchange
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum