Japanese chemical trading firm Nagase Group, through Nagase Holdings America, is acquiring the Prinova Group, a manufacturer and distributor of premium nutrition ingredients for global food and wellness industries.
Nagase said this acquisition will expand its global footprint in the food and nutritional ingredients industry and plans to leverage the new expertise to broaden its product portfolio and offerings to the market.
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| By acquiring Prinova, Nagase will expand its footprint in the food and nutritional ingredients industry. (Image from Burst) |
Currently, Nagase owns more than 100 group companies around the world — manufacturing and distributing various products such as resins, functional polymers, plastic products, electronic materials, functional food and pharmaceutical ingredients and intermediates.
"Prinova is among the world's largest distributors and providers of functional ingredients and integrated nutritional solutions to food, beverage and wellness brands but we have always had a broader vision — to make a larger global impact by helping our customers grow their brands and improve their customers' quality of life," said Don Thorp, president of Prinova USA. "As we discussed a possible combination with Nagase, we quickly realised that its global infrastructure, desire to increase its footprint in the food and nutritional ingredients space, and above all else, its commitment to the highest standards of quality and safety, made this an ideal opportunity for our company to realize its vision."
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