AMSTERDAM — Corbion, a sustainable ingredient solutions company, announced the acquisition of Novotech Food Ingredients’ Delhi, India-based bread improver business.
The deal will grow Corbion’s footprint as a global solutions provider and strengthen its presence in the Asia Pacific region. It also notes a pivotal step for the company’s expansion strategy in the Indian market.
“This acquisition marks a significant strategic milestone for Corbion,” said Andy Muller, president of the Functional Ingredients and Solutions division at Corbion. “By enlarging our footprint, augmenting our portfolio with products tailored to local market needs, and enhancing our collaboration with India-based global customers, we’re showing our commitment to sustained growth in India and broadening our reach into Asia. Leveraging local manufacturing strengths will help reinforce our position as a global solutions provider that is regionally relevant.”
Novotech’s bread improver business — known for its high-quality solutions — fits with Corbion’s current portfolio and will diversify its product range, allowing the company to meet the needs of global customers.
“We want our customers to make the most of the advantages that come with a leading global supplier,” Muller said. “Our worldwide network offers them the flexibility and confidence of consistent sourcing. Yet, we also know that local expertise adds significant value. This acquisition strengthens Corbion’s capacity to deliver both a global approach and regional insights, ultimately providing our customers with greater value.”
Earlier this year, Corbion sold its emulsifier business to private equity firm Kingswood Capital Management.
