DGAP-News: Symrise accelerates international expansion in Pet Nutrition through acquisition of Schaffelaarbos

Symrise Accelerates Pet Nutrition’s International Expansion With Acquisition Of Schaffelaarbos

07.01.2022 / 08:29
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  • The acquisition perfectly complements Symrise’s existing pet food capabilities
  • Shavelarbus, a leading manufacturer of sustainable egg proteins
  • Ambition to become a leading player in egg valorization, providing sustainable proteins to the pet food industry while contributing to a positive circular diet.
  • Expected to close in January 2022

Symrise AG today announced that it has signed a purchase agreement to acquire Schaffelaarbos, the Dutch market leader for egg protein in pet food in the European Union. With this transaction, Symrise will take a major strategic step in its accelerated global expansion of pet nutrition. By combining ADF/IsoNova’s activities in the USA with state-of-the-art Schaffelaarbos facilities located in Barneveld, NL, Symrise will perfectly complement its existing capabilities. Schaffelaarbos has annual sales of about 25 million. The transaction is expected to close in January 2022. The purchase amount has not been disclosed.

“The acquisition of Schaffelaarbos represents a key opportunity to accelerate Symrise’s ambition to become a global player of reference in pet nutritional solutions, while contributing to a positive circular diet. Combining our activities at ADF/IsoNova in the United States and the leading position of Schaffelaarbos in the European Union will enable us to provide even better service. to our customers through a global portfolio and a regional supply chain – thus increasing intimacy with customers. By bringing our two industry-leading experts together, we will expand our range of high-quality egg protein, while at the same time enhancing our value proposition in taste, nutrition and health” Jean-Yves Parisot, Head of Flavor & Nutrition at Symrise AG, said Dr.

In 2019, Symrise took its first step into the pet nutrition business by acquiring ADF/IsoNova, the reference provider of high-quality chicken protein and egg proteins to the US pet food industry, and tapping into a new market segment. With the recent acquisition of Schaffelaarbos, Symrise is now increasing its global presence and will take an immediate leading position in the European egg protein market, with long-term access to high-quality raw materials and a customer base that includes leading players in pet food. Schaffelaarbos perfectly complements Symrise’s existing capabilities in the USA. By bringing together the activities of two recognized experts in egg scrap valuation, Symrise intends to accelerate product innovation and open new ground for future growth and profitability.

Shavelarbus is a leading manufacturer of sustainable egg proteins for the pet food industry in the European Union. By processing eggs unsuitable for human consumption, schavilarbus is the partner of choice across Europe. The company prevents unnecessary waste and contributes to a positive circular diet. Schaffelaarbos has a strong affinity with suppliers through long-term supply contracts. Schavilarbus employs 39 people and owns a state-of-the-art fully automated facility in Barneveld, the Netherlands, as well as a facility under construction in Turkey with a strategic joint venture partner.

Matthew Walting, CEO of Schaffelarbus, said: “I am very excited about this transaction. Our organization values ​​industrial proximity to our customers and shares a common vision based on valuing by-products. We will accelerate our journey together and join forces to make the pet food business more sustainable in the future. “

Symrise will acquire 100% of Shavelarbus from private equity firm Intersection & Management. Symrise will finance the transaction through a dedicated banking facility.

About Shavelarbus:

Schaffelaarbos, located in Barneveld (Netherlands), produces round proteins for the animal feed industry. By processing the residual streams into high-quality protein sources and other ingredients, Shavelarbus contributes to a circular diet that prevents unnecessary waste. Their products ensure that valuable natural ingredients remain available and contribute to a balanced nutrition with high quality ingredients. Schavilarbus began over thirty years ago by processing waste eggs that flow into high-quality protein sources for animal feed. In recent years, the range has expanded with the drying of yeast cell walls, which is the residual influx of the human food sector. Schaffelaarbos’ main drive is the constant search for alternative natural ingredients that make animal feed more sustainable. The company produces for the pet food, small animal feed and aquaculture markets.

About Symrise:

Symrise is a global supplier of fragrances, flavors, food, nutrition and cosmetic ingredients. Its customers include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals, producers of nutritional supplements and pet food. Its sales of 3.5 billion in fiscal year 2020 make Symrise a leading global provider. The group is headquartered in Holzminden, Germany, and is represented by more than 100 locations in Europe, Africa, the Middle East, Asia, the United States, and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that are an integral part of everyday life. Economic success and corporate responsibility are closely linked as part of this process. Symrise – always the most inspirational.

www.symrise.com

Fiscal calendar 2022

March 01 – 2021 results
April 27 – Interim Group Report January – March 2022
May 03 – Annual General Meeting

07.01.2022 Publication of company news, transmitted by DGAP – one of the services of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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