Marubeni completes its 100% acquisition of Netherlands-based herbs and spices manufacturer Euroma; financial details not disclosed; Marubeni has owned a 30% stake in Euroma since June 2021

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December 13, 2023 (press release) –

Marubeni Corporation has completed the full acquisition of Euroma Holding B.V ., a major European spices and seasonings manufacturer. The spices and seasonings market is showing steady growth due to increasing health consciousness among consumers and trends towards using natural ingredients and reducing salt intake. Euroma is the third largest manufacturer of spices and seasonings in Europe and has over 120 years of experience across the entire supply chain. Marubeni will continue to expand Euroma's business, mainly in Europe , through various means of support, including leveraging its networks in the food and agricultural fields.

Key Highlights:

* The spices and seasonings market is showing steady growth due to increasing health consciousness among consumers and trends towards using natural ingredients and reducing salt intake

* Euroma is the third largest manufacturer of spices and seasonings in Europe

* Euroma has over 120 years of experience across the entire supply chain, from farm to table

Original Press Release:

Dec. 11 -- Marubeni issued the following news release:

Marubeni Corporation (hereinafter, “Marubeni”) has announced the complete acquisition of Euroma Holding B.V . (hereinafter, "Euroma”), a major European spices and seasonings manufacturer based in the Netherlands , as of December 8, 2023 (hereinafter, “Acquisition”).

Despite recent economic challenges such as the COVID-19 pandemic and inflation, the spices and seasonings market remains essential, showing steady growth due to increasing health consciousness among consumers and trends towards using natural ingredients and reducing salt intake. The market is expected to continue growing at an annual rate of 5–6%.

Euroma is the third largest manufacturer of spices and seasonings in Europe and has over 120 years of experience across the entire supply chain, from farm to table. Taking natural ingredients as their starting point, Euroma uses its extensive knowledge of food technology and applications to develop superior flavors and textures across a wide range of food categories and sells to major global food manufacturers in over 60 countries. The new state-of-the-art R&D center and production facility in Zwolle serves as a solid foundation for the company’s further growth, delivering high-quality, cost-competitive products and innovative natural flavor solutions.

The Acquisition is Marubeni’s second major investment in the life sciences field[*1], following Orffa International Holding B.V .[*2] in the Netherlands , which is the one of Europe's largest feed additive distributors in Europe .

Marubeni will continue to expand Euroma's business, mainly in Europe , through various means of support, including leveraging its networks in the food and agricultural fields.

Footnote:

[*1] Fields related to daily life in general, such as food functional ingredients, feed additives, shampoos, cosmetics, and raw materials.

[*2] “Marubeni to Acquire Stakes in the Largest Distributors of Feed Additives in Europe” press release dated Feb. 23 . 2017        https://www.marubeni.com/en/news/2017/release/00005.html

Source: Marubeni

[Category: Food, M&A Activities]

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