NETHERLANDS –Duravant and Arcadia Biosciences have announced new acquisitions aimed at bolstering their presence in Europe and expanding their offering to customers.
Duravant, on its part has signed an agreement to acquire Foodmate, a manufacturer of poultry processing equipment based in the Netherlands.
The company’s product line spans a wide assortment of poultry processing equipment suitable for a number of activities ranging from weighing and grading to the cutting and deboning.
Founded in 2006, the firm expanded its worldwide distribution into North and South America with the launch of Foodmate US in 2010. It later expanded to Brasil in 2015, followed by a Poland unit in 2019 and the acquisition of Foodmate UK in 2019.
Following the acquisition, Duravant is thus poised to extends its ability to serve customers and partners in over 190 countries worldwide within the food processing sector.
The deal follows Duravant’s acquisition of Votech – a manufacturer of bag filling machines and palletising technology – and Cloud Packaging Solutions, a manufacturer of flexible packaging equipment.
“Foodmate is the preferred provider of processing systems in the poultry processing industry globally. Combine that with their culture of laser-focused innovation and superior engineering expertise, Foodmate is a wonderful addition to the Duravant family,” said Mike Kachmer, president and CEO of Duravant.
Arcadia Biosciences purchases Spanish food ingredients firm Agrasys
Arcadia Biosciences, on its part, has acquired Agrasys, a Spanish food ingredients company that developed a novel cereal grain with agronomic and nutritional advantages.
Based in Barcelona, Agrasys is dedicated to the advancement of value-added crops and food ingredients and currently owns a proprietary cereal grain, tritordeum – a combination of durum wheat and wild barley.
Agrasys has commercialised tritordeum in ten countries with seven retailers in Europe. Most recently, it launched its tritordeum bread product with Holland grocery retailer Albert Heijn.
The transaction – which was made through Arcadia’s Spanish subsidiary – includes the physical and intellectual property assets of Argrasys, which will enable Arcadia to commercialise the proprietary grain.
Tritordeum is allegedly high in fibre, protein and lutein and is suitable for a wide range of cereal-based applications including bread, crackers, pasta, baked snacks and beer.
Arcadia says the acquisition will broaden its market access in Europe and further enhance its GoodWheat business, which aims to deliver health benefits to consumers.
Following the acquisition, Arcadia SPA will operate the Tritordeum business, in addition to the GoodWheat business.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE
