Symrise has signed a purchase agreement for the acquisition of Schaffelaarbos, a producer of egg protein for pet food in the EU. The company describes the acquisition as a major strategic step in its accelerated global expansion in pet nutrition. By combining the activities of ADF/IsoNova in the USA with the facility of Schaffelaarbos located in Barneveld, NL, Symrise will ideally complement its current capabilities. The closing of the transaction is expected in January 2022.
“The acquisition of Schaffelaarbos represents a prime opportunity to accelerate Symrise’s ambition to become a reference global player in pet nutritional solutions, while contributing to a positive circular food system. The combination of our activities of ADF/IsoNova in the USA and the leading position of Schaffelaarbos in the EU will enable us to even better serve our customers with a global portfolio and a regional supply chain – thereby further increasing customer intimacy,” said Dr Jean-Yves Parisot, President Flavor & Nutrition of Symrise.
In 2019, the company made its first move in the market with the acquisition of ADF/IsoNova, a provider of chicken and egg proteins for the US pet food industry. With the recent acquisition of Schaffelaarbos, the company is further expanding its global presence, with long term access to raw materials and a customer base of pet food players.
By processing eggs unsuitable for human consumption, Schaffelaarbos reportedly prevents unnecessary waste and contributes to a positive circular food system. It has an automated facility in Barneveld, the Netherlands, as well as a facility under construction in Turkey with a strategic joint venture partner.
Mathieu Woltring, CEO of Schaffelaarbos, said: “I am very enthusiastic about this transaction. Our two organizations both value the industrial proximity to our clients and share a common vision based on the valorisation of by-products. We will accelerate our journey together and join forces in making the pet food business even more sustainable in the future.”
