Nactarome buys Claremont from THG for US$138M to boost flavour innovation

UK – Nactarome Group, a developer and manufacturer of natural flavour, taste and colour solutions for the food and beverage industry, has acquired Claremont Ingredients Ltd. from THG Nutrition, a subsidiary of THG PLC, for £103 million (approximately US$138 million).

Claremont is an independent UK-based developer and manufacturer of liquid and powder flavourings for beverages, baked goods, ice cream and dairy products, sugar and chocolate confectionery and sports nutrition products.

It has been part of the THG Nutrition business since the group acquired it in 2020, and has since delivered significant returns through cash generation plus disposal proceeds,  as well as accelerated MyProtein’s flavour capabilities. 

THG said that the relationship will be protected through a long-term supply contract and the broader, international capabilities of Nactarome.

Appreciating Claremont’s contribution to the company, THG CEO Matthew Moulding said, “Claremont has been a huge success, building Myprotein’s global licensing franchise from a standing start to partnering with category-leading brands in just a few years.”

Following a highly competitive offer, Moulding stated that the timing was right for THG to realise the asset’s value, noting that the strong interest underscored the quality of the business. 

The company added that the disposal reflects the significant value within THG’s portfolio and expressed gratitude to the Claremont team for their contribution and hard work.

Nactarome said the acquisition of Claremont represents a significant expansion of its UK business footprint, adding that Claremont’s expertise and strong presence in the sports nutrition market align well with its own capabilities in food and nutrition flavours and colours, as well as its wider global network.

The European company, majorly owned by TA Associates, creates natural flavour, taste, and colour solutions for the food and beverage industry. It is consists of over 600 employees in nine countries, including Italy, the UK, France and Belgium.

Its acquisition of Claremont marks the company’s entry into the sports nutrition market. In a statement, Nactarome said Claremont’s production, analytical and innovation capabilities complement Nactarome’s flavour and ingredient heritage, with shared values of innovation, customer focus and collaboration.

Luigi Del Monaco, CEO of Nactarome Group, said: “The acquisition of Claremont marks a significant add-on to our existing and important business footprint in the UK”.

“At Nactarome, we are committed to continuing our close and strong collaboration with THG to drive innovation and agility, ensuring that we remain at the forefront of market trends,” he said.

Bryan Jones, Regional VP Nactarome UK, South Africa & Middle East, commented that the company will continue to work closely with THG to drive innovation and agility in line with market trends, and expressed gratitude to the deal team for their dedication in making the milestone possible, with expectations.

He added that the company is pleased to collaborate with the team behind Claremont, whose expertise, knowledge, and passion are expected to bring significant value to Nactarome and its customers.

“This partnership will strengthen our ability to meet both our customers evolving needs by expanding our product portfolio and enhancing the quality and innovation they rely on. Together, we aim to deliver greater value and service for our customers,” Jones said.

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