NAGASE Group Successfully Acquires Prinova Group
August 6, 2019
NAGASE Group has successfully facilitated the acquisition of Prinova Group. This acquisition represents a significant milestone for both companies. The Group will continue to concentrate on delivering consistent value to customers globally.
NEW YORK, NY & HANOVER PARK, IL, August 6, 2019 – NAGASE & CO., LTD. announced today that it has successfully facilitated the acquisition of Prinova Group LLC. The completion of the transaction is a historic moment for the group and an immediate and long-term value to the global customer base. “This acquisition marks a significant milestone in our continued effort to expand Nagase Group’s global footprint in a high value-added business,” said Kenji Asakura, President and CEO of NAGASE Group. “The addition of Prinova’s expertise, unique positioning, and portfolio offering enables us to expand our food and nutrition ingredients value chain in North America, Europe, and Asia.”
Prinova, a manufacturer and distributor of premium nutrition ingredients, is a leading provider of high-quality products to the global food and wellness industries. Prinova holds strategic stock in 15 distribution centers around the world. With this acquisition, NAGASE Group reinforces its dedication to expanding its global footprint in the food and nutritional ingredients industry. NAGASE Group is honored by the acquisition of Prinova Group and plans to leverage this new expertise to broaden its product portfolio and offerings to the market.
“Prinova is among the world’s largest distributors and providers of functional ingredients and integrated nutritional solutions to food, beverage and wellness brands but we have always had a broader vision: to make a larger global impact by helping our customers grow their brands and improve their customers’ quality of life,” said Don Thorp, President of Prinova USA. “As we discussed a possible combination with Nagase, we quickly realized that its global infrastructure, desire to increase its footprint in the food and nutritional ingredients space, and above all else, its commitment to the highest standards of quality and safety, made this an ideal opportunity for our company to realize its vision. We are excited about the opportunities that this partnership will provide for our customers and dedicated employees.” Prinova’s current worldwide leadership team will remain in place and, within NAGASE's infrastructure, will continue to deliver the same value and service customers have come to expect.
About NAGASE Group
NAGASE Group is a leading chemical trading firm in Japan, founded in 1832. NAGASE Group has continued to expand its business by enhancing value-added functions/services such as manufacturing, processing, and R&D capabilities. In 2012, Hayashibara, a well-known Japanese company with strong R&D expertise in biotechnology and actively developing and manufacturing functional food ingredients, joined NAGASE Group. Today, NAGASE Group owns more than 100 group companies around the globe, manufacturing and distributing various products such as resins, functional polymers, plastic products, electronic materials, functional food, pharmaceutical ingredients, and intermediates. Additional information about NAGASE Group can be found on the company’s website at https://www.nagase.co.jp/english/
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