Euroma welcomes Marubeni Corporation as new owner
November 15th 2023 , 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 reached an agreement to acquire the remaining stake in Euroma Holding B.V. (Royal Euroma’s 100% parent company) to become 100% shareholder , after having acquired a significant minority stake in June 2021. This will facilitate Euroma’s further growth to deliver the most innovative products based on herbs and spices to leading international food partners. The transaction is subject to approval by the competition authority.
Bert Bakker, CEO of Euroma: “We are very excited that Marubeni acquires the remaining shares in Euroma and see this 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. This strategic combination offers plenty of opportunities for our customers and our employees, with our brand new R&D centre and production facility in Zwolle as a solid basis. Since Marubeni’s entry in 2021, Euroma has made impressive steps on its journey of adding flavor to people’s lives. Our state-of-the art Zwolle production site is more than delivering on its promises of high quality products and high reliability. At the same time, we are grateful to Parcom and Robert Hoogstra for the dedication and support they have given us during the past years; they have been instrumental in our success."
Jun Horie, Senior Managing Executive Officer of Marubeni: “We are very glad to announce the acquisition of remaining stake in Euroma, as an important strategic move for Marubeni. We see that the food ingredients market especially herbs and spices is steadily growing, driven by consumer trends such as clean label, natural flavor and salt-reduction and so on. Euroma is leading in delivering high quality, innovative taste solutions in that field. We also see great potential to introduce the expertise of Euroma outside Europe by leveraging Marubeni’s global footprint and customer base. We continue to work closely with Euroma team on the next stage of growth.”
Expand unique position of Euroma
Euroma has been active for more than 124 years in the development of high-quality, healthy, sustainable and food-safe ingredients based on herbs and spices from around the world, where it holds a top 3 position in the European market. Euroma meets the highest quality standards within Europe and has leading development capabilities, supported by its brand new state-of-the art production site, where it uses differentiating processing technologies. 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
About Marubeni Corporation
Founded in 1858, Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting(including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri business, chemicals, energy, metals & mineral resources, power business, infrastructure project, aerospace & ship, finance & leasing business, construction, industrial machinery & mobility, and next generation business development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Marubeni Corporation employs 4,340 people. (Number of employees of the Group 45,995). The company holds activities in 131 branches with offices in 68 countries and regions, consisting of 12 Japan branches and offices, 55 overseas branches and offices, and 29 overseas corporate subsidiaries containing 33 branches and offices.
