USA – Kemin Industries has completed the acquisition of GLF Ingredienti Alimentari, an Italy-based functional ingredient company.
The move is expected to enhance Kemin’s functional ingredient technology and application know-how, particularly in the meat industry across Europe, the Middle East, and Africa (EMEA).
David Raveyre, Group President of Kemin Industries, emphasized the significance of the acquisition in the company’s strategic growth plan, aiming to expand products and services in meat applications across the EMEA region.
“The acquisition brings functional blends and yield enhancement technology into Kemin Food Technologies’ portfolio, strengthening its product offerings and technical service capabilities,” he noted.
“GLF Ingredienti Alimentari’s expertise in functional blends and yield enhancement technology, coupled with Kemin’s existing strengths, is anticipated to lead to innovative, cost-effective, and ready-to-use solutions.”
Gianluca Feraciti, founder of GLF Ingredienti Alimentari, highlighted the collaboration’s commitment to delivering innovative solutions aligned with the evolving needs of the food industry, maintaining high standards of quality and sustainability.
He also revealed that, as part of the integration, Kemin will absorb GLF’s operations into its existing EMEA business structure.
“The acquisition is expected to enable the development of new products and expansion of production capabilities.”
In addition to enhancing the product portfolio, Kemin anticipates leveraging GLF’s application expertise and technical support to strengthen its offerings.
The move follows Kemin Industries’ 2023 European Patent Office grant for its neural health product, Neumentix, showcasing the company’s commitment to innovation and intellectual property protection.
Daniele Abrate, President of Kemin Food Technologies – EMEA, expressed optimism about the acquisition, describing it as a game-changer for the growth of Kemin Food Technologies.
The combination of GLF’s meat solutions portfolio and Kemin’s existing technologies is expected to offer synergies, providing enhanced expertise for serving customers in the food industry.
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. HERE
