- Keep up with increasing demand of the Pet Food industry in the US
- Perfect fit with the strategy of IsoNova Technologies LLC part of Symrise Flavor & Nutrition
- Delivery of quality pet-food ingredients and innovative solutions
The Michael Foods egg processing plant will consolidate the position of the Group in the Northeast of the United States. The acquisition perfectly fits the strategy of IsoNova Technologies LLC, part of the Symrise Flavor & Nutrition segment, of ensuring the continuous delivery of quality pet-food ingredients and innovative solutions to the pet food industry in the United States.
The acquisition of the plant forms a synergistic deal: It will enable Michael Foods to focus on its edible egg business. IsoNova will keep up with increasing demands from various customers, and it will also free-up capacities in other facilities to capture additional growth. IsoNova is planning to invest in the site and reinforce the staff to support long-term growth.
The transaction is subject to satisfaction of customary closing conditions