Portfolio management company AXA Private Equity has started exclusive talks to acquire French food additives specialist Diana Ingrédients.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Diana Ingrédients is currently owned by investment fund Cognetas, who acquired the company from French bank BNP Paribas in April 2004 for EUR270m. A deal with AXA could be worth around EUR700m (US$945.7m). 


Following the sale, French media reports suggest Cognetas will retain a majority stake. The investment fund declined to comment when contacted by just-food today (29 May). 


Diana Ingrédients’ culinary ingredients activities focus on tailor-made ready-to-use sauces and flavoured butters along side pork bards and high functional meat proteins.


The Brittany-based firm also specialises in meat and seafood natural ingredients and pet food ingredients.


Diana Ingrédients has a total workforce of around 1,000 staff. The group posted turnover of EUR280m in 2006.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now