This agreement is subject to anti-trust authorities approval which is expected in the coming months. The amount of the deal was not disclosed.
Headquartered in Alba Lulia, Romania, Supremia provides food ingredients and spices, active in Eastern and Western Europe, as well as Scandinavia.
Since founding the company in 2000, Mr Bara has built the group into an established player with more than 300 employees and sales of €52.1m in 2016.
Following the acquisition, the current management team will remain in place at the company.
For Solina, the acquisition represents the latest step in its external growth strategy in the European food industry.
Led by Laurent Weber, CEO, Solina is a European leader of the savory ingredients European market. With 14 production facilities, multiple R&D centers and local sales offices, Solina’s services feature personalized ingredient solutions for the food industry in the areas of Functionalities, Taste and Visual, and Nutritional solutions. The company is also a major player in the butchers and food service markets. Headquartered in France, Solina has around 1,200 employees, direct presence in 17 countries and serves customers in more than 75 countries. The majority shareholder of the company is Ardian.