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Diving Briefs:
- Solina, a French -based source and seasoning manufacturer, has recently expanded its existence in the United States with two acquisitions.
- The company said last week that it acquired the Sokol Custom Food component based on Illinois for unveiled amounts. Sokol supplies customized flavors and sweet sauce in food manufacturing, sleeve and food services.
- This contract occurs in less than a month after Solina closed the transaction for purchasing the Advanced Food Systems and Inc.. New Jersey -based suppliers contribute to customized dried seasonings for frozen foods, sources or meat and poultry.
Dive Insights:
SOLINA has been acquired for the past few years, with the company’s operations in North America, which matches the company’s construction and liquid solutions in Europe. The fragrance of the manufacturer is used for meat, snacks, ready -made meals and alternative proteins.
The company has now acquired four times in the United States since 2021 and has snaped producers in Canada. In 2022, SOLINA purchased SARATOGA FOOD SpecialTies for $ 570 million in 2022.
The purchase of AFS also expands the presence of SOLINA on the east coast, while the location of Sokol near the existing site of the material company in the Bowling Brook of Illinois can create a “central distribution point in the middle of the middle.” SOLINA currently has five sites in the United States, including two Illinois and the location of California, Nevada and New Jersey.
Solina is trying to grow commercial products in addition to geographical expansion. Sokol acquisitions provide more to the company with sweet sauce.
Despite its rapid growth, Solina has been a bit of American footprints in recent months. For about three years after purchasing Wisconsin -based Spice Company Asenzya, Solina said in October that it will close the seasoning plant of Oak Creek’s brand.
Solina’s CEO, Anthony Francheterre, said in a statement that AFS and Sokol ultimately helped the company to switch to “comprehensive one -stop shops for custom drying and liquid flavor solutions.”
Francheterre said, “Through this acquisition, we are diversifying product functions beyond Savory Solutions to strengthen their ambitions to grow with customers in various markets and channels.
