Naturex, a manufacturer of specialty plant-based natural ingredients, has agreed to acquire 100% of the capital of Chicago, Ill.-based Vegetable Juices Inc., a company specializing in the production and distribution of natural vegetable ingredients. This transaction meets the group’s strategic criteria for external growth projects and will strengthen its position as a multi-specialist of natural ingredients, particularly within the growing market of fruit and vegetable-based ingredients.
With a broad variety of vegetables available in multiple formats, Vegetable Juices Inc. develops technical and customized natural ingredients with nutritional and organoleptic properties that meet food and beverage manufacturers’ expectations. The acquisition of Vegetable Juices Inc. will double the size of its food and beverage operations in the United States and represents an opportunity to accelerate Naturex’s growth in this market, particularly in the technical segment of vegetable-based ingredients.
“We are very proud of this acquisition and delighted by the addition to our group of the Vegetable Juices Inc. team that shares our values of excellence, technical, and scientific innovation and customer-centric culture,” said Naturex’s CEO, Thierry Lambert. “This acquisition is perfectly aligned with our strategy and will allow us to significantly strengthen our position in the United States, the world’s largest food industry market. It will also offer us an excellent complementarity in terms of products to provide new momentum to our offering of fruit and vegetable-based ingredients across our sales network.”