Dutch dairy group Campina has bought an ingredients business from German dairy co-operative Humana Milchunion for an undisclosed sum.
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Campina said the business, Satro, would boost its presence in “value-added” food ingredients in the German market.
“One of our strategic pillars is international growth with specific dairy related ingredients worldwide,” said Campina CEO Justin Sanders.
“The acquisition of Satro will be a crystal clear example of the road map Campina has charted to further profitable growth for the benefit of the members of our co-operative.”
On the other hand, Humana said it would use the proceeds from the sale on meet its strategy of expanding its consumer business.
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By GlobalData“After the sale, Humana will have a stronger strategic focus, with better financial figures,” said Humana CEO Albert Grosse Frie.
Satro, which enjoys annual sales of around EUR110m (US$162m), produces ingredients for the dairy, dessert and savoury foods sectors.
