Avril, a French industry leader in oilseeds and protein, announced the acquisition of Lecico, a German specialist in lecithins and phospholipids. The acquisition will enable Lecico to expand its production capacities of lecithin and food additives in Europe and strengthen its market position in the organic space. The move will make the Avril Group a global market leader for non-GMO lecithins.
Following the acquisition, the Avril Oil & Ingredient Solutions (Avril OIS) business Unit which focuses on specialty oils, refined oils and ingredients will join its activities with Lecico. The collective business of Avril OIS that merges the specialties of Novastell, Saipol, Lesieur, Kerfoot and now Lecico will enable the Group to introduce a portfolio of vegetable oils & ingredients that will reach Europe’s markets for food, personal care, cosmetics, health and nutrition.
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The strategic alliance will merge the know-how of both companies, thereby introducing multiple excellent innovations in the future. In particular, the general manager of Avril’s Oilseed Processing and Oils & Spices department conveyed that the acquisition as an important step of the company towards advancing product offerings in the healthcare and nutrition industries.
According to Avril OIS’s managing director, Lecico’s acquisition will make Avril a global market player in non-genetically modified lecithins. Also, Avrils’ commitment to continue to build on Lecico’s leadership in organic lecithin of high quality.
Lecico’s Sales and business development ingredient director conveyed that with Avril’s support, Lecico will continue to leverage market opportunities and grow to achieve future goals.
Avril has been engaged in expansion activities, wherein this acquisition step ensues from the introduction of sunflower lecithin facilities in France and Romania. Also, Avril acquired the French phospholipid expert Novastell in 2017.
The Avril Group was founded in 1983 by the initiative of French farmers and now operates in France as well as international markets for food, renewable energy animal feed and chemicals. In 2017, the Group reported sales achievement of worth 6.2 billion euros while employing 7,600 people in 21 countries worldwide.
Lecico was founded in 2007 in Hamburg and have focused its offerings to high-quality lecithins and phospholipids with the knowledge of nutritional benefits of these molecules. While managing the entire value chain, Lecico monitors a range of company services starting from product development to standardization to logistics.
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