CSM Elements acquires Hello-Meals | Baking Enterprise

MILAN, ITALY — CSM Elements has acquired Parma, Italy-based Hello-Meals, which specializes within the analysis, growth and manufacturing of pure origin substances. Monetary phrases of the transaction weren’t disclosed.

Based in 2012 by Giampaolo Cagnin, Massimo Ambanelli and Emanuele Pizzigalli — in shut collaboration with the College of Parma — Hello-Meals has since grown by growing revolutionary options on the planet of practical substances for the plant-based and clear label meals trade. The corporate is within the technique of finishing the development of probably the most fashionable and superior vegetation for the manufacturing and processing of pure, plant-based substances, freed from allergens and artificial components. The brand new facility is situated in Pilastro di Langhirano (close to Parma) and shall be geared up with a everlasting high-tech extrusion analysis middle. The plant additionally will supply a few of the most superior growth and utility companies in Europe, together with a coordinated group of pilot constructions, experimental kitchens and industrial machines that may have the ability to create product prototypes and new meals, Hello-Meals stated.

As a part of the transaction, the shareholders of Hello-Meals have agreed to reinvest their proceeds into CSM Elements, additionally taking over essential roles within the areas of R&D and business administration.

“We’re delighted {that a} new partnership has been created, with our assist, between CSM Elements and Giampaolo Cagnin and his wonderful staff at Hello-Meals,” stated Andrea C. Bonomi, chairman of Investindustrial’s industrial advisory board. Investindustrial  acquired CSM in April 2021. “The analysis and growth that has distinguished Hello-Meals since its basis is an ideal complement to the economic platform that we started to construct within the substances sector with the acquisition of CSM Elements in April 2021. Investindustrial has taken a long-term curiosity within the evolution of the sectors surrounding meals sustainability, akin to meals manufacturing, substances, dietary dietary supplements, packaging and closures. During the last 5 years, we’ve got made eight new platform investments in these sectors investing €1.5 billion of fairness. These firms have in flip made one other 11 add-on acquisitions, and at present make use of a complete of roughly 10,300 workers.”

Mr. Cagnin, founding father of Hello-Meals, who will be a part of the advisory board of CSM Elements, added, “The scientific method and Hello-Meals improvements will discover in CSM Elements a perfect launching pad and reciprocal multiplication of worth. With Investindustrial’s willpower to assist shaping the substances trade in direction of a extra sustainable future, I think about this to be an ideal alliance with extraordinary potential for worth creation.”

CSM Elements has greater than 1,400 workers, three analysis and innovation facilities, eight manufacturing vegetation and two open-innovation hubs.