AVIGNON, France—Naturex, a producer and marketer of specialty plant-based ingredients, notified shareholders that it has agreed to acquire 100 percent of the capital of Chicago-based Vegetable Juices Inc., a company specializing in the production and distribution of natural vegetable ingredients.
The acquisition of Vegetable Juices Inc. will double the size of Naturex’s food and beverage operations in the United States and represents the company’s growth in the market. Vegetable Juices Inc. was founded 80 years ago in Chicago and established a strong industrial and scientific base, positioning the company as a key player in the market segment. Vegetable Juices Inc.’s client portfolio includes major global food and beverage companies.
“We are very proud of this acquisition and delighted by the addition to our group of the Vegetable Juices Inc. team that shares our values of excellence, technical and scientific innovation and customer-centric culture," said Naturex CEO Thierry Lambert. “This acquisition is perfectly aligned with our strategy and will allow us to significantly strengthen our position in the United States, the world’s largest food industry market."