On December 20, Willkie client PAI Partners announced that it agreed to acquire Savory Solutions Group, a leading international provider of taste and functional solutions for the food sector, from IFF.
Savory Solutions Group provides a range of value-add savory ingredients and blends, most notably under the Wiberg and Piasa brands. The solutions are used by food manufacturers, butchers and food service players to improve texture and taste, as well as extend the shelf life of their products.
Savory Solutions Group operates 17 manufacturing facilities and nine innovation sites, with over 1,800 employees. It serves more than 11,000 clients across Europe, North America and Asia, and generates approximately €470 million turnover.
The Willkie team was led by partners Dr. Axel Wahl and Christophe Garaud, and included partner Dr. Patrick Meiisel and associates Philipp Oehlerking, Dr. Maximilian Hirsch and Dr. Xianrui Wang.