11 December 2020 - Bluestar Adisseo Company has completed the acquisition of FRAmelco Group, a Dutch feed additive company, specialized in glycerides (short and medium chain fatty acids) and lysolecithins. The deal was originally announced in early-September.
"We are pleased to have completed the FRAmelco Group acquisition and we warmly welcome FRAmelco talents in the Adisseo team. This complementary combination supports our strategy for accelerating growth of our Specialty products business,” said Adisseo CEO Jean-Marc Dublanc.
FRAmelco CEO Lars Snijders added: “Our customers, suppliers, distribution partners and employees across the world have welcomed with enthusiasm the announcement of the acquisition of FRAmelco by Adisseo. Now that we have confirmed the completion of the transaction, Adisseo and FRAmelco teams will jointly work with full energy and passion on synergies implementation.”
FRAmelco Group, a family owned company, operates 3 plants located in The Netherlands, Spain and Thailand. The company employs 75 staff. The business generates gross sales of about EUR 30 million per year.
