Marubeni Corporation Acquires Royal Euroma

November 2023, Royal Euroma B.V., a leading European company in the herbs and spices industry, announced that Marubeni Corporation, a diversified trading conglomerate from Japan with activities in the food sector, has agreed to acquire the remaining stake in Euroma Holding B.V. (Royal Euroma's 100% parent company) to become its sole shareholder. This follows Marubeni's significant minority interest acquisition in June 2021. The move is set to facilitate Euroma's continued growth in delivering innovative herb and spice-based products to leading international food partners. The transaction is pending approval from competition authorities.

Strategic partnership for accelerated growth

Bert Bakker, CEO of Euroma, expressed his excitement about Marubeni acquiring the remaining shares in Euroma. He sees this as a validation of Euroma's unique knowledge and expertise in developing and creating natural food solutions. With Marubeni, Euroma has a long-term strategic partner to boost its international growth. The new state-of-the-art R&D centre and production facility in Zwolle serve as a solid foundation for this expansion.

Since Marubeni's entry in 2021, Euroma has made impressive strides in its mission to enhance everyday life with flavour. Its modern production site in Zwolle has fulfilled its promise of delivering high-quality products and high reliability. The company also acknowledges the dedication and support of Parcom and Robert Hoogstra over the past years, who have played a significant role in its success.

Jun Horie, Senior Managing Executive Officer of Marubeni, expressed his enthusiasm for the acquisition. He sees the food ingredients market, especially herbs and spices, growing steadily, driven by consumer trends such as clean label, natural taste, and salt reduction. Euroma, with its high-quality, innovative flavour solutions, is a leader in this area. Marubeni also plans to leverage its global presence and customer base to introduce Euroma's expertise beyond Europe, working closely with the Euroma team on the next phase of growth.

Expanding Euroma's unique position

For over 124 years, Euroma has been at the forefront of developing high-quality, healthy, sustainable, and food-safe ingredients based on herbs and spices from around the world, holding a top-3 position in Europe. The company adheres to the highest European quality standards and has leading development capabilities, supported by its new state-of-the-art production location in Zwolle, which employs distinctive processing technologies. This positions the company well for further international growth.

Growth from an autonomous organization

The intended transaction will not impact the personnel at Euroma. The company will continue to operate independently, with its own Board of Directors and Supervisory Board, ensuring continuity and the maintenance of its unique character while benefiting from the new opportunities presented by the partnership with Marubeni.

www.euroma.com