New strategic partner

June 2021 - Press release

Euroma opts for sustainable growth with strategic partner Marubeni Corporation

June 2021, Zwolle, Royal Euroma B.V. (“Euroma”), a top-3 European company specialized in herbs and spices, announces that Marubeni Corporation (“Marubeni”), a Diversified Trading Conglomerate from Japan amongst others active in the food sector, has acquired a significant minority stake in Euroma Holding B.V. (Royal Euroma’s 100% parent company) Euroma as a strategic partner, with the intention to become 100% shareholder in due time. This will facilitate Euroma’s further growth to deliver the most innovative products based on herbs and spices to leading international food partners.

Bert Bakker, CEO of Euroma: “We see Marubeni’s interest in joining Euroma as a confirmation of the unique knowledge and expertise that Euroma offers in the development and creation of natural food solutions. With Marubeni we have a long-term strategic partner with whom we can accelerate our international growth. With our brand new R&D centre and production facility in Zwolle as a solid basis, this strategic combination offers plenty of opportunities for our customers and our employees.”

Akira Terakawa, Senior Executive Vice President of Marubeni: “We see that the market for food ingredients and especially herbs and spices is growing. The demand for natural flavours and alternatives for sugar and salt is also increasing. Euroma is leading in its product development in that market. We see great potential to introduce the expertise of Euroma outside Europe and to expand our joint customer base. In addition both companies are characterized by the highest standards in the field of quality and food safety. Internationally, there is a clear need for continuous improvement in this area.”

Expand unique position of Euroma

Euroma has been active for more than 120 years in the development of high-quality, healthy, sustainable and food-safe ingredients based on herbs and spices from around the world. With the acquisition of Intertaste in 2018, Euroma has become a top-3 player in the European market.

With its brand new state-of-the art production site, where it uses differentiating processing technologies Euroma meets the highest quality standards within Europe and has leading development capabilities. This puts the company in an excellent position for further international growth.

Growth from an autonomous organization

The proposed transaction will not have any personnel consequences for Euroma's employees.
Euroma will continue to operate independently, with its own Board of Directors and Supervisory Board.