Funds advised by Motion Equity Partners are pleased to announce that DIANA, an international leader in sensorial and nutritional performance and world leader in natural solutions for the food industry, acquired Pacific Pure Aid on Wednesday, June 20th 2012.
A continuation of its growth and development strategy, the acquisition of Pacific Pure Aid enables DIANA to extend its range of natural taste solutions, to set up operations in North America and to strengthen its expertise in formulation.
Founded in 1909, Pacific Pure Aid is located in the town of Silverton in Oregon (US). Up until now, the company had been held as a 50/50 joint venture by Givaudan, world leader in flavours and fragrances, and Myron Root & Company Inc. Using natural vegetable raw materials, Pacific Pure Aid manufactures and sells vegetable extracts and concentrates for various applications in the agri-food industry such as ready meals, soups, sauces, cereals and snacks. Pacific Pure Aid has a permanent team of 30 people and generated a turnover of more than $10 million in 2011, up 14% compared with 2010.
The entry of Pacific Pure Aid into the group allows DIANA to accelerate its development in North America with an industrial presence and a sourcing in high quality local raw materials, complementing its range of natural culinary solutions.
"Pacific Pure Aid brings DIANA development know-how for the natural solutions which help improve and intensify the taste of our clients’ products thanks to a perfect command of innovative technologies and excellent sourcing expertise. In addition, this move enables DIANA to strengthen its international presence, support its growth" says Olivier Caix, C.E.O. of the DIANA Group.
DIANA is a world leader in natural functional solutions for the food, pet food, nutraceuticals, aquaculture and cosmetics industries, and technology leader in plant cell culture, dedicated to the production of active ingredients for food, cosmetics and health. DIANA is improving the sensorial and nutritional performance of its customers’ products thanks to its unique biosciences expertise and helping them conquer new markets. Of its 1500 employees, almost 15% are dedicated to R&D. Present in 22 countries, the Group is developing R&D platforms on all continents, so as to best meet its customers’ requirements and local specificities. In 2011, the group reported turnover of €392 million, three-quarters of which in exports.
DIANA and Motion Equity Partners:
In June 2007, Funds advised by Motion Equity Partners sold to AXA Private Equity the Diana Group, acquired in 2004, global natural ingredients supplier for the pet food and food & beverage industries, and took a minority stake in the new operation still participating actively in the development of the company.