MANE and Cargill have agreed on the sale of Cargill’s compounds business, including a plant in Rubi, Spain.
A part of Cargill’s texturizing portfolio until now, the compounds business has specialized in blends of functional ingredients, with a strong position in technology compounds for the meat processing industry in Spain and other large meat markets in Europe.
MANE has a strong position in the meat processing industry in France with its MEAT PRO operations and center of excellence.
The company says the acquisition is complementing and strengthening its expertise in the domain to become a European leader in the sector.
Cargill says the sale of the compounds business is consistent with its texturizing solutions business strategy of sharpening the focus on its core business.
The new entity will operate under the umbrella of MANE IBERICA.
The terms of the agreement are not disclosed.