Solina Foods, the France-based savoury ingredients supplier, has acquired UK-based condiments business Zafron Foods for an undisclosed sum.
It has bought the second generation London company, which makes mayonnaise, sauces, dressings, chutneys and deli fillers, from the Kenny family.
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By GlobalDataZafron, which works out of two manufacturing sites, supplies its products to mid-sized foodservice chains. Its brands include Kenny’s, Zafron and Kromberg.
It has 65 employees and reported annual net sales of GBP23m (US$28.9m).
Solina said the acquisition is part of its strategy to “develop its product capabilities and portfolio, across dry seasonings, coating systems and custom-sauces, and a one-stop-shop approach”.
In April it acquired Sauces & Créations, a French sauce producer.
Anthony Francheterre, Solina’s CEO, said: “Quick service restaurants, dark kitchens and home meal replacement are driving growth in the sauce sector, particularly in the highly developed UK foodservice market.
“Yet, there remains a need for custom-sauce capacity and capabilities. Solina, with our culinary heritage, and Zafron Foods, with its complementary capabilities and channels, will address that un-met need while advancing our shared mission to make food matter for people and the planet.”
Jack Kenny, who will stay as a managing director of Zafron Foods with his management team after the deal, said: “We see Solina as the ideal partner to enable the next chapter in our growth story.”
He added: “We can create opportunities for Solina while benefiting from procurement synergies, cross-fertilisation with other liquid solutions sites and their expertise in custom culinary solutions.”