Solina, a company which specialises in providing savoury food solutions, has acquired UK-based company Rich Sauces to expand its presence in the European foodservice sector.
Financial specifics and other details of the transaction have not been disclosed by the companies.
Go deeper with GlobalData
This move is set to strengthen Solina’s position in the sauce market – a significant step in the company’s growth.
Rich Sauces has been supplying its products to the foodservice industry across the UK, Ireland and other markets.
The company is known for its classic mayonnaise, dressings, flavoured mayonnaises, sauces and bouillons.
The acquired company conducts around 75% of its business within the foodservice sector, under the Rich Sauces and Alfee’s brands.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe remaining 25% of Rich Sauces’ business comprises private label products for food manufacturers as well as outlets.
All operations are managed from the company’s production facility in Newtownards, Northern Ireland.
Solina CEO Anthony Francheterre said: “Acquiring Rich Sauces further consolidates our unique sauce footprint in Europe and strengthens our leading position in the foodservice sector.
“I am particularly impressed by Rich Sauces’ uncompromising approach to quality in every aspect of their products and services. I am confident that the synergies with our legacy foodservice division will deliver substantial value to our customers.”
The integration of Rich Sauces into Solina’s existing portfolio is expected to provide enhanced services and solutions to the foodservice industry.
Rich Sauces former owners Trevor Kells and Michael Haddock said: “Rich Sauces focuses on quality, innovation and service. We believe Solina is the perfect partner to enhance our solutions, and we look forward to collaborating with their foodservice entities across Europe and North America.”
