Solina Group to acquire specialty culinary sauce business New Ivory from Rob Whitehead
Bréal-sous-Montfort, 21st of September
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Solina Group (“Solina”) has completed the acquisition of New Ivory Ltd from Rob Whitehead. Adam Jones and the New Ivory Management Team will stay in the Company. New Ivory is a leading producer of innovative culinary sauces in the UK for the meat, fish and poultry industries. New Ivory has longstanding relationships with both retail and industry customers based on a deep knowledge and understanding of global taste and food concepts. New Ivory has approximately 180 employees and is headquartered in Elland, UK.
Laurent Weber, CEO, Solina Group, said: “New Ivory is highly recognized for its proactivity and service level in both the retail and industry markets. We have been particularly impressed by the level of quality of the production process. We look forward to working with the management team to develop further our new platform in the UK. New Ivory will benefit from the existing European network of Solina with multiple R&D centers and technologies. We plan to provide New Ivory’s customers with access to Solina’s broader platform of products, ingredients and services which is now unique in Europe”.
Adam Jones, Managing Director of New Ivory, said: “We are looking forward to being part of the Solina Group. Together with Solina, we will continue to develop our product and service offering to not only help our customers achieve their growth plans but also provide greater assurance throughout the supply chain”.
Rob Whitehead, owner of New Ivory said : “Whilst I’m sad it’s the end of an era for me, I think it’s the right thing for New Ivory and the team. In addition to the culinary expertise and customer focus at the heart of New Ivory’s value proposition, Solina brings a global reach and scale now needed to compete in a truly world class market like chilled food. Solina’s plans in the UK are very exciting and I think our customers will welcome the ongoing choice that the introduction of Solina will bring.”
Solina Group is strengthening its presence in the UK with the acquisition of New Ivory. Solina’s European objective is to complete its fast growing network of local service operations.
“Solina is currently expanding in Europe within its three core areas: Service to the Savory Industry, Service to the Food Service and Butchers and Development of Nutritional Concepts. New Ivory presents a perfect strategic match for the Group as it is now part of a strong culinary wet sauces operation next to our existing, Netherlands based, Nieuw Vennep factory. Customers of both Solina and New Ivory will benefit from an extended service platform and more R&D and innovation investment. The group will offer the widest range of products in savoury Food markets in Europe”, added Laurent Weber.
The parties have agreed not to disclose the transaction value. Solina was advised by Oghma Partners, Eversheds and Ernstd & Young while Rob Whitehead was advised by Walker Morris and Grant Thornton.
For further information, please contact:
Fanny Legave (email@example.com)
Communication, Solina Group
+33 (0)2 99 60 07 60
+44 (0)79 83 54 09 54