Dive Brief:
- Solina, a France-based ingredients manufacturer of sauces and seasonings, is rapidly expanding its presence in the United States with two recent acquisitions.
- The company announced last week that it has acquired Illinois-based Sokol Custom Food Ingredients for an undisclosed amount. Sokol specializes in custom savory and sweet sauces for food manufacturing, retail, and foodservice.
- This acquisition comes shortly after Solina’s purchase of Advanced Food Systems, Inc., a New Jersey-based supplier of custom dry seasonings for various food applications.
Dive Insight:
Solina has been actively acquiring companies in the U.S. to strengthen its operations in North America and expand its range of dry and liquid solutions. The company’s flavorings are widely used in meat, snacks, ready-made meals, and alternative proteins.
With four acquisitions in the U.S. since 2021 and additional purchases in Canada, Solina is strategically growing its presence in the market. The recent acquisition of Sokol enhances Solina’s sweet sauce offerings and complements its existing capabilities.
By acquiring companies like AFS and Sokol, Solina is positioning itself as a comprehensive provider of customized dry and liquid flavor solutions. This strategic move aligns with the company’s goal to cater to a diverse range of markets and channels.
Despite its rapid expansion, Solina recently made the decision to streamline its operations in response to rising input costs. This includes the closure of the Asenzya seasoning manufacturing plant in Oak Creek, Wisconsin.
Anthony Francheterre, CEO of Solina, expressed enthusiasm about the acquisitions, stating that they will contribute to the company’s transformation into a leading provider of flavor solutions. He emphasized Solina’s commitment to innovation and customer growth across various sectors.