The agreement, planned to be completed by mid-2023, is the first step of a long-term strategic alliance between both companies
Suanfarma has formed an alliance with Solvay, aimed to expand its biotechnological capabilities for natural ingredients for the F&B and flavours & fragrances industries.
The agreement, planned to be completed by mid-2023, is the first step of a long-term strategic alliance between both companies.
“Currently, the nutraceutical ingredients division already represents 25% of our turnover and we are committed to notable growth in the coming years. With this strategic alliance Suanfarma extends the use of its existing knowledge in fermentation process boosting at the same time its presence in natural ingredients. Of course, always under the highest quality standards, since our factories have the most recognised international certifications,” said Francisco Fernandez, CEO of Suanfarma group.
Cipan, a subsidiary of Suanfarma, owns a manufacturing site in Lisbon, Portugal, where the company operates a natural fermentation process.
“Cipan provides Solvay with technical knowledge on specialised fermentation processes in pharmaceuticals for food ingredients. Different types of ingredients that require shared technologies, another great example of the potential of our know-how in fermentation and our focus in processes and technologies to produce high quality products”, added Daniel Rivero, Suanfarma’s Group Industrial Director.