Marubeni : Completes Full Acquisition of Euroma, a Major Spices and Seasonings Manufacturer in Europe
December 10, 2023 at 09:07 pm
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Dec. 11, 2023
Marubeni Corporation
Marubeni Corporation (hereinafter, "Marubeni") has announced the complete acquisition of Euroma Holding B.V. (hereinafter, "Euroma"), a major European spices and seasonings manufacturer based in the Netherlands, as of December 8, 2023 (hereinafter, "Acquisition").
Euroma Zwolle facility
Euroma product example: seasoning
Euroma product example: spices
Despite recent economic challenges such as the COVID-19 pandemic and inflation, the spices and seasonings market remains essential, showing steady growth due to increasing health consciousness among consumers and trends towards using natural ingredients and reducing salt intake. The market is expected to continue growing at an annual rate of 5-6%.
Euroma is the third largest manufacturer of spices and seasonings in Europe and has over 120 years of experience across the entire supply chain, from farm to table. Taking natural ingredients as their starting point, Euroma uses its extensive knowledge of food technology and applications to develop superior flavors and textures across a wide range of food categories and sells to major global food manufacturers in over 60 countries. The new state-of-the-art R&D center and production facility in Zwolle serves as a solid foundation for the company's further growth, delivering high-quality, cost-competitive products and innovative natural flavor solutions.
The Acquisition is Marubeni's second major investment in the life sciences field*1, following Orffa International Holding B.V.*2 in the Netherlands, which is the one of Europe's largest feed additive distributors in Europe.
Marubeni will continue to expand Euroma's business, mainly in Europe, through various means of support, including leveraging its networks in the food and agricultural fields.
*1 Fields related to daily life in general, such as food functional ingredients, feed additives, shampoos, cosmetics, and raw materials.
*2 "Marubeni to Acquire Stakes in the Largest Distributors of Feed Additives in Europe" press release dated Feb. 23. 2017 https://www.marubeni.com/en/news/2017/release/00005.html
Company Overview
Company Name:
Euroma Holding B.V.
Location:
Netherlands
Established:
1899
Main Business:
Manufacture and sale of spices, seasonings, batter mix, sauce, and dressings
Marubeni Corporation published this content on 11 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 December 2023 02:06:23 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)