CANADA – Robertet, a French flavours and fragrance firm backed by Firmenich, has acquired Ecom Food Industries, a North American manufacturer of speciality natural flavours and extracts, for an undisclosed sum.
Ecom is based in Toronto, Canada and manufacturers antioxidants, natural colours, flavour enhancers, extracts and blends for the food and beverage, health, nutraceutical and cosmetic industries.
The company’s diverse portfolio can be used for applications such as snacks, processed meats and bakery products.
Its acquisition will therefore complement Robertet’s rich portfolio of Natural raw materials, flavours, and active ingredients.
“The Ecom client and product portfolio perfectly complements Robertet’s own and we look forward to combining the strengths of both organisations to better serve consumer needs,” said Philippe Maubert, chairman of Robertet Groupe.
“Our DNA is a product line consistent with all natural, botanically sourced ingredients and value-added products to suit consumer needs. Ecom fits perfectly within this strategy and we look forward to welcoming Ecom into the Robertet family.”
Ecom will now become part of Robertet’s 170-year history of sourcing plant ingredients and transforming them into natural volatile and non-volatile extracts.
It will be a strategic addition to the company’s global network that spans over 50 countries and has approximately 2,030 employees worldwide.
David Soknacki, founder of Ecom Food Industries, added: “Ecom is excited to begin the next chapter of its history as a part of the Robertet Group and its more than 170-year history in this industry as one of its pillars. The complementary nature of this combination is evident in the family-owned and operated nature or our companies.”
The acquisition is happening at a time when the global natural and organic flavors market is expected to expand at a CAGR of 5.7% during the forecast period (2021–2026) to reach US$11.269 billion by 2026.
Europe is expected to dominate the global natural and organic flavors market, accounting for significant value share of the overall market.
In terms of volume, the market in Asia Pacific is projected to be the fastest growing market during the forecast period.
The fruits & fruits juice and plant & botanical segments are anticipated to be the highest revenue generating segments during the forecast period while the spices sub-segment is expected to expand at the highest CAGR of 5.8% during the forecast period.
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