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Acquisition

Effective June 1st 2018 Essentia has acquired Danish-based protein manufacturer Scanflavour A/S.

This acquisition unites two industry-leading protein companies.

For Essentia this is a major strategic step to strengthen its position as the leading global manufacturer of animal-based protein ingredients. CEO and President of Essentia International, Asger Jacobsen says: "This transaction reinforces our strategic focus on growing our global presence. With the strong complementary fit in regards to customer base, product range and technologies, we expect to capture several operational efficiencies, necessary to deliver sustainable and profitable growth. We have great respect for Scanflavour and the products they have developed.”

The acquisition will secure increased access to fast growing international protein markets. Customers will benefit from working with the industry’s leading manufacturer of animal-based protein solutions offering technical support on a global scale.

Palsgaard A/S, the previous majority shareholder of Scanflavour A/S, will continue to distribute products from Scanflavour A/S to the dairy segment. “We look forward to working with Palsgaard to develop the dairy market with the newly developed products from Scanflavour”, says Asger Jacobsen.

For further questions, please contact:

President and CEO, Mr. Asger S. Jacobsen

Essentia Protein Solutions belongs to The Lauridsen Group, Inc., (LGI), a US based and family owned company. LGI is the owner of seven individual companies active within protein extraction and carbohydrate fractionation, offering products for the feed, food and pharmaceutical industries on a global scale. www.lauridsengroupinc.com

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