Portobello Capital, a leading private equity firm in Southern Europe, together with Francisco Alberola, CEO of Eurocebollas, are pleased to announce a strategic partnership with Solina , an Astorg portfolio company and prominent global player in the food ingredients industry with annual sales of more than $1bn, by entering in Eurocebollas’ capital as minority shareholders. This collaboration marks an exciting development for Eurocebollas, a unique player in ready-to-use onion-based ingredient solutions.
Eurocebollas has established itself as a market leader in the design, development, production, and commercialization of ready-to-use natural ingredients and solutions, mainly onion-based, for B2B customers (food industry, foodservice, and retail). With this new alliance, Solina will become an essential industrial partner, bringing significant expertise, know-how, resources, and footprint to further enhance Eurocebollas' position in the market.
As part of the partnership, Solina will actively contribute to Eurocebollas' international expansion plans and operational improvements, bolstering its global coverage and helping to broaden its product range. Additionally, the collaboration will create opportunities for joint research and development initiatives to better cater to evolving consumer preferences and industry trends. Eurocebollas’ capabilities will enrich Solina’s extensive product offering and reach various markets of the global food industry.
"We are delighted to welcome Solina, a leading food solutions partner, to Eurocebollas," said Francisco Alberola, CEO of Eurocebollas. "Their culinary heritage and extensive experience in the savoury ingredients industry and their commitment to innovation align perfectly with our vision for growth and excellence."
"Eurocebollas is a remarkable and unique company with enormous growth potential, and we are very excited to have Solina on board as an industrial partner," said Víctor Virós, partner at Portobello Capital. "This partnership is another example of the flexibility and attractiveness of our Portobello Structured Partnerships strategy."
Anthony Francheterre, CEO of Solina, expressed enthusiasm for the partnership, stating: ”We are very pleased to enter into this partnership with Eurocebollas and Portobello and look forward to leveraging the opportunities and value Eurocebollas will bring to our customers globally within the food industry and foodservice sector. We are convinced that Eurocebollas’ solutions are very complementary to Solina’s existing one-stop-shop offering and will strengthen our positioning on ingredient solutions while giving us the opportunity to suggest new solutions to our respective clients. We are delighted to be part of Eurocebollas’ new growth chapter and will strive to cross-fertilize on R&D developments and common commercial opportunities.”
This strategic partnership showcases the commitment of both Portobello Capital and Solina to fostering innovation and sustainable practices within the food ingredients industry. Together, they aim to reinforce Eurocebollas' position as a global market leader and drive further growth in the industry.
About Portobello Capital
Founded in 2010, Portobello Capital is a leading independent mid-market private equity firm, based in Spain and investing in Southern Europe. It has more than 2,000 million euros of Assets Under Management, an experienced team of more than forty professionals and a current portfolio of 22 companies.
About Solina
Solina is a global leader of savoury food solutions with 38 production sites and numerous local R&D centers close to its customers. Solina develops tailor-made ingredient solutions for the savoury food industry, foodservice, butchery and nutrition sectors. Solina's expertise combines culinary and technical expertise that enables the company to design innovative food solutions excelling in taste, functionality, and nutrition. Headquartered in France, the company counts more than 3400 employees, production facilities in 18 countries and serves clients in more than 75 countries. Solina's majority shareholder is Astorg, an independent private equity firm.
About Eurocebollas
Founded in 1980 and based in Alzira, Valencia, Eurocebollas is a fully integrated B2B natural food ingredients and solutions provider with a deep understanding of the onion value chain: sourcing, product design and development, manufacturing, cooking and processing, packaging, and distribution.
The Company produces more than 160 different onion recipes in constant innovation, being a pioneer in cooked and fried onion and having also developed other processed products, onion-based and based on other vegetables such as garlic, eggplant or zucchini. The Company has strategically located facilities in Eastern Spain: a modern production plant in Alzira, with a total surface area of 100,000 sqm and a daily production capacity of 400 tons, complemented by a logistics warehouse in Chinchilla (Albacete), with a surface area of 18,000 sqm, which optimizes onion sourcing. Eurocebollas has customers in more than 30 countries (France, United Kingdom, United States, Italy, or Germany, among others) and a workforce of more than 190 employees.
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