Astorg-backed Solina completed the acquisition of PhenoFarm.

Astorg-backed Solina, a global producer of customized savory food solutions, completed the acquisition of PhenoFarm, an Italian company specializing in natural solutions for food applications. Financial terms were not disclosed. “This acquisition is a strategic step in Solina’s journey to strengthen our presence in Southern Europe while expanding our portfolio of natural solutions. PhenoFarm’s expertise in olive-based solutions will help us enrich our clean-label offerings and create new opportunities across multiple applications — from meat to vegetables and ready meals, and from bakery to pet food. By combining PhenoFarm’s innovation with Solina’s deep research expertise in clean-label and natural solutions, we will continue to translate market needs for clean-label and natural solutions into relevant, value-adding solutions for our customers worldwide," Anthony Francheterre, Solina CEO.