Limagrain Céréales Ingrédients (LCI) is taking a major step towards internationalization by announcing today that it has entered into an agreement to acquire 100% shares of Unicorn Grain Specialties from Nordian Capital . The operation will be effective in few weeks.
Unicorn Grain Specialties has a strong presence in Northern Europe in the cereals & pulses ingredients markets, relying on heat treatment technologies (puffed cereals, cooking-extrusion, flaking). The combination of strengths of the two structures will provide enhanced expertise and innovative ingredients to our customers involved in the bakery, snacking, breakfast cereal, ready meals and animal nutrition markets.
The new group with a workforce of 350 employees will generate a turnover close to € 150 million and will strengthen its position as the European leader in cereal ingredients. It will process more than 330,000 tonnes of grain each year in seven production plants across Europe.
Read the full press release here.