CSM Ingredients acquires Hi-Food - NutraIngredients.com

Luxembourg-based CSM Ingredients is a global ingredients research and production company that has been owned by Investindustrial for almost a year.

According to the business, the move is a continuation of Investindustrial’s strategy of “proactively shaping the future of food by acquiring and building innovative and sustainable companies in the sector”.​

A strategic move

Andrea Bonomi, Chairman of Investindustrial’s Industrial Advisory Board, commented: “We are delighted that a new partnership has been created, with our support, between CSM Ingredients and Giampaolo Cagnin and his excellent team at Hi-Food.​

“The research and development that has distinguished Hi-Food since its foundation is a perfect complement to the industrial platform that we began to build in the ingredients sector with the acquisition of CSM Ingredients in April 2021.​

“Investindustrial has taken a long-term interest in the evolution of the sectors surrounding food sustainability, such as food production, ingredients, nutritional supplements, packaging and closures.”​

He added that in the past five years, the company has made eight new platform investments in the sectors, investing €1.5bn of equity. Those companies have, in turn, made another 11 add-on acquisitions, and currently collectively employ around 10,300 employees. 

CSM – which has more than 1,400 staff, three research and innovation centres, eight production plants and two innovation hubs – will now add to its portfolio an Italian ingredient-tech hub dedicated to uncovering transformative solutions for the world of food.

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CSM Ingredients acquires Hi-Food - NutraIngredients.com
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