Announced
Completed
Synopsis
Solina, a partner for the food industry, completed the acquisition of Zafron Foods, a business specialising in the manufacture of high-quality mayonnaise, sauces, and condiments. Financial terms were not disclosed. “Quick Service Restaurants, Dark Kitchens and Home Meal Replacement are driving growth in the sauce sector, particularly in the highly developed UK Food Service market. Yet, there remains a need for custom-sauce capacity and capabilities. Solina, with our culinary heritage, and Zafron Foods, with its complementary capabilities and channels, will address that unmet need while advancing our shared mission to make food matter for people and the planet," Anthony Francheterre, Solina CEO.
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