Diana acquires Arômes de Chacé, a producer of high quality mushroom extracts
Motion Equity Partners is pleased to announce the acquisition by DIANA of the whole of Arômes de Chacé, strengthening the Group’s position as the market’s key player in sensorial and nutritional performance.
As it continues with its growth and development strategy on its different markets, DIANA, the market reference in sensorial and nutritional performance and a world leader in natural solutions for the agro-foods industry, announces the acquisition of the whole of ADC (Arômes de Chacé). Founded in 2005 and based in the Loire Valley, ADC is a 50/50 joint venture between Diana and Chaucer Foods. The company produces high quality mushroom extracts (concentrates and powders) for different applications in the agro-food industry (soups, sauces, ready meals, etc.).
ADC’s inclusion in the Group allows Diana to reinforce its expertise in natural solutions dedicated to emphasising the taste and texture of food and adding the intense flavour of mushroom.
This is helping DIANA to develop its capacity to meet its customers’ needs by combining excellent control of high quality product sourcing and the development of new solutions, thanks to market proximity and partnership approaches established by ADC.
“For DIANA, this operation is an excellent opportunity to strengthen its expertise in one of its areas of excellence, i.e., “Flavouring Foodstuffs”. Thanks to the high quality of ADC products and its close association with its customers, we will be able to extend our range of authentic mushroom-based culinary solutions to meet our customers’ expectations even better. Also, we are well aware of the expertise and professionalism of the ADC people, and know that we can count on their commitment to DIANA’s growth project,” says Jean-Yves Parisot, CEO of DIANA’s food division.
DIANA is a world leader in natural functional solutions for the agro-food, pet food, nutroceutical 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 20 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, 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.