New Schouten structure lifts management stake

Related tags Stock market Investment

Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such as potential acquisitions.

Royal Schouten formerly had more than 40 different shareholders, including seven financial institutions and numerous minor shareholders made up of former employees and regional private equity players.

A group holding 25 per cent of the shares has now been bought out, while management has increased its stake to 20 per cent. The remainder is held by three private equity groups - Rabo Private Equity, NPM Capital and AlpInvest.

"With seven different institutions you have different backgrounds and objectives. It was too diverse,"​ Bert Piest, CEO of Royal Schouten, told NutraIngredients.com.

"We want to strengthen several business lines in the portfolio and have clear commitment from our shareholders,"​ he added.

Koen van Engelen, investment manager at Rabo, said: "It is a good sign that management is willing to invest."

Piest did not reveal further details on the company's future strategy but said the group "was always looking for good acquisitions"​.

The food ingredients business Acatris saw strong sales of its SoyLife soy isoflavones last year as well as good growth in the US. However avian influenza hit its Orffa feed additives unit and the soy trading unit Schouten Products.

Piest said that performance for the first five months this year is 'on budget'.

Related topics Ingredients

Related products

show more

Satisfy Your Sweet Tooth with Sustainable Syrups

Satisfy Your Sweet Tooth with Sustainable Syrups

Content provided by Green Plains Inc. | 05-Apr-2024 | Data Sheet

Elevate your products with Green Plains’ premium, low carbon-intensity corn syrups. Drop-in replacements with an up to 40% lower carbon footprint than...

Machu Picchu Foods expands chocolate production lines

Machu Picchu Foods expands chocolate production lines

Content provided by Machu Picchu Foods: Contract manufacturer of chocolates and snacks | 02-Feb-2024 | Product Brochure

Leading Peruvian manufacturer Machu Picchu Foods debuts cutting-edge production lines for filled chocolate bars, truffles, and crispy wafer snacks.

Related suppliers