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Solina Completes Acquisition Of Saratoga Food Specialties

Nov 02, 2022•about 3 years ago

Acquiring Company

Solina

Acquired Company

Saratoga Food Specialties

Bréal-sous-montfortFood ProcessingHospitalityFood And Beverage

Description

Solina, a leading European producer of savoury ingredient solutions for the food industry, has acquired U.S. based Saratoga Food Specialties to continue its expansion in North America. Solina established a presence in the U.S. for the first time in 2021 with the acquisition of Asenzya, a Wisconsin-based provider of custom dry seasoning solutions for the food industry.

Company Information

Company

Solina

Location

201 Rue des Écotais

Bréal-sous-montfort, Bretagne, France

About

Solina is a leading global partner for the food industry, foodservice, QSR (quick- service restaurants), and nutrition sectors, designing tailor-made ingredient solutions that contribute to the creation of food that is good in every sense of the word; good for people, good for the planet. With 44 production sites and numerous local R&D centers close to its customers, Solina combines culinary and technical expertise that enables the company to design innovative food solutions excelling in taste, functionality, and nutrition. Headquartered in France, the company counts more than 4000 employees, production facilities in 19 countries, and serves clients in more than 75 countries. Solina's majority shareholder is Astorg, an independent private equity firm.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed