Ingredient company Acatris Holding BV, a division of Dutch Royal Schouten Group NV has sold its Canadian subsidiary Acatris Inc to the Canadian private equity group TD Capital.
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Acatris Inc., formerly Daminco, was acquired by Royal Schouten Group in 2000 to strengthen the group’s position in the North American food industry. “The past five years, Acatris Inc performed very well,” saidDr Bert Piëst, CEO of Royal Schouten Group NV. and Acatris Holding BV.
“However, we want to focus more on the European food industry. The synergy between the North American and European operations was limited. We think it only fair to Acatris Inc. to find another parent company that would be better able to support their growth opportunities. We believe we have found the right partner in TD Capital.”
“We believe in Acatris Inc’s potential,” said Paul Henry, in charge of the acquisition of Acatris Inc on behalf of TD Capital. “After extensive market research we have seen that Acatris is well-established in the Canadian market. It is a solidly growing,
trustworthy organization.”
Acatris Holding B.V. and TD Capital closed the sale on 23 June 2005.
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