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Let’s TalkDöhler Group Acquires SVZ in The Netherlands
Döhler Group, a German global producer, marketer, and provider of technology-driven natural ingredients, custom ingredients, and integrated solutions, acquired SVZ, a food ingredients supplier based in the Netherlands, on July 20, 2023. SVZ’s previous owner, Royal Cosun, had said it was looking for a buyer, and the Döhler acquisition responds to the consumer trend for healthier nutrition.
Transaction Summary
The Facts of the Acquisition
- Target: SVZ is a supplier of high-quality fruit and vegetable ingredients to the food and beverage manufacturing sector. It is based in the Netherlands.
- Acquirer: Döhler Group supplies everything from healthier to plant-based ingredients, colors, and flavors to food and beverage manufacturers. Based in Germany, the company has more than 45 production sites and 75 offices in more than 160 countries.
Our Take on the Acquisition
SVZ (target) supplies fruit and vegetable ingredients to food and drink manufacturers worldwide. It has production sites in Europe and the United States and a tropical fruit ingredients subsidiary, Netra Agro, in Breda, Netherlands. The acquisition sees Döhler take over SVZ’s production sites in Belgium, Poland, Spain, and the United States, which will allow for expansion in the United States and Japan.
Döhler Group (acquirer) is looking to expand its division in the United States, where it sees higher demand. It will be able to integrate SVZ’s U.S. locations to supply Döhler’s other business segments. It may also be looking to diversify revenue sources away from Europe, which has a challenging economic outlook and heightened uncertainty.
The Transaction
| Date: | July, 20, 2023 |
| Price: | Undisclosed |
| Purpose: | To expand operations in the United States. |
| Acquirer’s Statement: | Katharina Wallace, marketing manager at Döhler Group – “SVZ is based on a passionate expert team and this is an acquisition for growth, hence our plan is to retain employees. Döhler has sales and innovation offices in both countries and operates two plants in the US for flavor, tea ingredients and integrated solutions. This acquisition will localize fruit and vegetable production in the US.” |
Target/Seller: SVZ
Company Information
| Target: | National Choice Bakery |
| Website: | nationalchoicebakery.com |
| Founded: | 1990 |
| Industry: | Food Manufacturing – Baked Goods |
| Type: | Private |
| Employees: | 57 (Self-published on LinkedIn) |
| Locations: | Head Office: Stadionstraat 40, 4815 NG Breda, Netherlands Belgium Factory #1: Gammel 85, 2310 Rijkevorsel, Belgium Poland Factory #2: ul. Lwowska 128, 22-600 Tomaszow Lubelski, Poland Spain Factory #3: Ctra Almonte-El Roci Km 9.5, Poligono Industrial, Matalagrana, 21730 Almonte, Huelva, Spain United States Factory #4: 1700 N. Broadway Othello, Washington, United States |
Product Information
| Products: | IQF – “Individually Quick Frozen” range of 100% natural fruit ingredients, such as blackcurrant, blueberry, cherry, raspberry, and strawberry Juice Concentrates – Made from 100% fruits and vegetables after removing the natural water content NFC Juices – Not-from-concentrate specialty juices with the natural flavor and nutrition of the original fruit or vegetable Single Strength Puree – Pureeing the edible part of a fruit or vegetable without removing the juice or fiber Puree Concentrate – Puree with water partially extracted |
| Market Reach: | Europe United States |
Financial Information
| Revenue: | USD $112.6 million (Unconfirmed Source: ZoomInfo) |
| Revenue per Employee: | USD $518,894 (i.e., USD $112.6 million / 217 employees = USD $518,894 – estimated based on the self-reported number of employees and the revenue from ZoomInfo) |
Did You Know?
“Natural” on food labels is neither defined nor regulated by the U.S. Food and Drug Administration, even though the agency regulates and supervises food production. The U.S. Department of Agriculture, in contrast, defines natural as “A product containing no artificial ingredient or added color and is only minimally processed. Minimal processing means that the product was processed in a manner that does not fundamentally alter the product.” It says the label must state the meaning of the term natural, such as “no artificial ingredients.”
Target/Seller Overview: SVZ
SVZ supplies high-quality fruit and vegetable ingredients to food and drink manufacturers around the world. Its long heritage in agricultural supply and accredited sustainability initiatives ensure a consistent, premium-quality ingredient supply. With more than 100 years of experience in global fruit and vegetable agribusiness, SVZ represents quality leadership throughout the supply chain. Headquartered in Breda, Netherlands, SVZ has state-of-the-art production facilities in Belgium, Poland, Spain, and the United States, where it has built strong partnerships with local growers to ensure fruit and vegetables are cultivated, harvested, and processed to the highest standards. Strategically positioned at the heart of the fruit and vegetable supply chain, SVZ is committed to enacting positive, sustainable change in the fruit and vegetable ingredient industry by “Growing better, together.”
Buyer/Acquirer: Döhler Group
Company Information
| Buyer: | Döhler Group |
| Website: | doehler.com |
| Founded: | 1838 |
| Industry: | Food and Beverage Manufacturing |
| Type: | Private |
| Employees: | 9,500 (Source: company website) |
| Locations: | Head Office: 7-9 Riedstrasse, Darmstadt, Hessen, Germany Australia Regional Office #1: Unit 9, Macquarie Link, 277 Cove Road, Macquarie Park, New South Wales, Australia Austria Regional Office #2: Floridsdorfer Hauptstraße 1, 1210 Wien, Austria Brazil Regional Office #3: Rua Miguel Guidotti, 905 Chacara Baiana, CEP – Limeira-SP, Brazil Benin Regional Office #4: Lot 1714 Fidjrosse, 01 BP 851, Cotonou, Benin Bulgaria Regional Office #5: 8, Vsevolod Garshin Str, 1619 Sofia, Bulgaria Czech Republic Regional Office #6: Nad Sutkou 1811/12, Praha 8, Czech Republic Denmark Regional Office #7: Hestehaven 3, DK-5260 Odense, Denmark Regional Office #8: Tune Erhvervspark, Tune Parkvej 5, Tune, Denmark Egypt Regional Office #9: Engineering Square – North Expansion, 6th of October City, Egypt France Regional Office #10: 3 rue de Brennus, Saint-Denis, France Greece Regional Office #11: Lalechou 2, Neo Psychiko, Athens, Greece Georgia Regional Office #12: 11 Ertos Str. Tbilisi, Georgia Hungary Regional Office #13: Vasút utca 42, Kerepes, Hungary India Regional Office #14: Plot No. 3, Survey No. 295 Raisoni Industrial Park, Hinjewadi Pune, India Indonesia Regional Office #15: Jagat Building, 3A, JL. Tomang Raya No.28 Kel. Jatipulo, KEC. PA, Jakarta Bar, Indonesia Italy Regional Office #16: Via Primo Maggio, 56, Vallecrosia (IM) Italy Japan Regional Office #17: Unizo Nihonbashi-Tomizawa Cho Bldg 5F, 7-13 Nihonbashi-Tomizawa Cho, Chuo-ku, Tokyo, Japan Kazakhstan Regional Office #18: ul. Bartogaiskay 24, 050061 Almaty, Kazakhstan Kenya Regional Office #19: Ruaka Grove, Runda Estate, Muthaiga, Nairobi, Kenya Mongolia Regional Office #20: Bayangol District, 2nd Khoroo, Seoul Street, 45/5 building, 602 Ulaanbaatar, Mongolia Netherlands Regional Office #21: Albusstraat 5, 4900 AE Oosterhout, Netherlands New Zealand Regional Office #22: 224 Waihi Road, Judea, Tauranga, New Zealand Republic of Korea Regional Office #23: 13F, 518, Teheran-ro, Gangnam-gu, Seoul, Republic of Korea Romania Regional Office #24: Strada Industriilor Nr 23, Comuna Chiajna, S.A.I. Romania Slovakia Regional Office #25: Černyševského 26, Bratislava, Slovenska Republika South Africa Regional Office #26: 5 De Vreugde Crescent, Dal Josaphat, Paarl, 7646, South Africa Spain Regional Office #27: C/ Collidors S/N P.I. Fondo De Litera, Fraga (Hueca) Spain Switzerland Regional Office #28: Route Andre-Piller 21, Zone Industrielle 3, 1762 Givisiez, Switzerland Ukraine Regional Office #29: Radosynska Str. 2, Kiev, Ukraine United Arab Emirates Regional Office #30: Plot # S10114, Jebel Ali (South Zone) PO Box 262766, Dubai, United Arab Emirates United Kingdom Regional Office #31: 1a Opal Court, Opal Drive, Fox Milne Milton Keynes, United Kingdom United States Regional Office #32: 400 High Point Rd SE, Cartersville, Georgia, United States Regional Office #33: 25 Riverside Drive, Pine Brook, New Jersey, United States |
Product Information
| Products: | Natural Flavors – Natural ingredients for individual and unique flavor compositions in food and beverage applications Natural Colors – Colors made from natural raw materials and through selective color enrichment process Coating Systems – Coating of chocolate, sugar, and polishes for gum and licorice Health Ingredients – Vitamins, minerals, fibers, and natural extracts Sweetening Solutions – Tailor-made sweetening systems for innovative foods and beverages Pulses and Cereal Ingredients – Broad portfolio of dry cereal and malt extract for food and beverage production Dairy Ingredients – Milk, cream, yogurt, and other milk-based products Fermented Ingredients – Ferments made from apple, pear, malt, rice, and more to tailored tastes Dry Fruit and Vegetable Ingredients – Slices, pieces, powders, and whole fruits Fruit and Vegetable Ingredients – Single or multi-blended juices, concentrates, sweeteners, and ingredients |
| Market Reach: | United States |
Financial Information
| Revenue: | USD $2.9 billion (Unconfirmed Source: ZoomInfo) |
| Revenue per Employee: | USD $305,263 (i.e., USD $2.9 billion / 9,500 employees = USD $305,263 – estimated based on the self-reported number of employees and the revenue from ZoomInfo) |
Buyer/Acquirer Overview: Döhler Group
Döhler is a global producer, marketer, and provider of technology-driven natural ingredients, ingredient systems, and integrated solutions for the global food, beverage, and nutrition industry. Ingredients are derived from natural raw materials. The comprehensive product portfolio of natural ingredients ranges from natural flavors, natural colors, natural health ingredients, and a broad range of plant-based ingredients to ingredient systems and end-to-end solutions.
With more than 45 production sites, 75 offices, and application centers, Döhler creates value for customers in over 160 countries. More than 9,500 dedicated employees, including 1,000 people in R&D, focus on science, technology, and innovation are committed to making Döhler’s customers successful.
Previous Acquisitions by Döhler Group
- Herb’s International Service (2017) – A producer of natural health ingredients, based in France, acquired for €25 million (USD $27.7 million)
- Molda AG (2016) – A producer of finished and semi-finished products, as well as mixes for processing enterprises of the food industry. The company is based in Germany
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Sources
- Company Profile
- Other Sources
- Unconfirmed Sources