May 6, 2014

Cargill sells texturising compounds business to MANE

MANE, a leading fragrance and flavours company, has acquired Cargill's compounds business, including a plant in Rubi, Spain, which belonged to Cargill's texturising portfolio until now.

The compounds business has specialised in blends of a wide variety of functional ingredient and has developed an advanced position in the segment of technology compounds for the meat processing industry in Spain and other large meat markets in Europe.

MANE has a strong position in the meat processing industry in France with MEAT PRO, MANE's Meat Centre of Excellence, which provides customised functional and aromatic solutions for the meat industry throughout Europe, the Middle East and Africa.

The addition of the compound business will complement and strengthen MANE's expertise in the domain to become a European leader in the sector. The new entity will operate under the umbrella of MANE IBERICA. Terms of the agreement are not disclosed. Closure of the transaction is expected in the next few weeks.

The sale of the compounds business is consistent with Cargill's texturising solutions business strategy of sharpening the focus on its core business.