News

ICL to acquire dairy proteins company Prolactal

30 Jan 2015

Israeli company ICL’s Food Specialties business unit is to acquire Prolactal, and its subsidiary, Rovita. Prolactal, based in Hartberg, Austria, and Engelsberg, Germany, is a European producer of dairy proteins and other ingredients for the food and beverage industries. The transaction is expected to close during the first quarter of 2015, subject to the receipt […]

ICL to acquire dairy proteins company Prolactal

bigstock-Dairy-Products-7914156Israeli company ICL’s Food Specialties business unit is to acquire Prolactal, and its subsidiary, Rovita. Prolactal, based in Hartberg, Austria, and Engelsberg, Germany, is a European producer of dairy proteins and other ingredients for the food and beverage industries. The transaction is expected to close during the first quarter of 2015, subject to the receipt of regulatory approvals in Austria and Germany.

Prolactal, a privately-held company with annual revenues (2014) of approximately €100 million, produces and sells a range of functional dairy proteins used broadly in the beverage, dairy and meat industries to stabilise and improve the nutrition of beverages and foods processed under a variety of conditions. The combination of ICL’s existing phosphate capabilities and Prolactal’s protein capabilities will, says ICL, enable ICL Food Specialties to provide innovative, value-added ingredient systems that outperform other solutions available today, as well as open up new market opportunities. The combined operations will also increase ICL’s ability to service its existing clients by offering them a broader selection of texture and stability ingredients, including Prolactal’s ‘Prolactal’ and ‘Rovita’ product lines, to better meet the growing demand by consumers for food and beverages with higher protein levels.

Prolactal, which employees approximately 200 people, operates two plants utilising state-of-the-art production process technology capable of complete fractionation of milk. Prolactal’s CEO, Johann Tanzer, has agreed to remain at Prolactal following its sale to ICL and he will join ICL Food Specialties’ senior management.

ICL expects the acquisition to contribute substantial sales and marketing synergies in several regions worldwide where there is growing global demand for texture and stability ingredients.

 

Related news

Simplifying food labels with EUFIC’s interactive tool

Simplifying food labels with EUFIC’s interactive tool

16 Dec 2024

The European Food Information Council (EUFIC) hopes to turn consumer confusion into clarity with its new interactive online resource for healthier food and beverage choices.

Read more 
Consumer awareness and transparency key factors in shift to natural-based emulsifiers

Consumer awareness and transparency key factors in shift to natural-based emulsifiers

11 Dec 2024

The demand for natural-based emulsifiers in the food industry is surging as health concerns over the use of synthetic emulsifiers have consumers looking for alternatives.

Read more 
Protein-boosted ready-to-drink beverages expand beyond shakes

Protein-boosted ready-to-drink beverages expand beyond shakes

26 Nov 2024

Diets such as keto or Atkins may have paved the way to promote a higher protein intake. Now, the high-protein trend has gone mainstream, penetrating the ready-to-drink-beverage market.

Read more 
Dutch initiative to reduce supermarket waste claims ongoing success

Dutch initiative to reduce supermarket waste claims ongoing success

6 Nov 2024

Food waste in Dutch supermarkets continued to fall, registering a total reduction of 35% since monitoring was introduced by the Food Waste Free United Foundation and the Wageningen University & Research in 2018.

Read more 
Africa balances policy needs with food processing growth

Africa balances policy needs with food processing growth

1 Nov 2024

Opportunities ramp up in the continent’s food processing industry, yet a lack of policy progression threatens to stall progress.

Read more 
Ferrero updates Nutella brand with new plant-based version

Ferrero updates Nutella brand with new plant-based version

24 Oct 2024

Ferrero has launched a plant-based version of its Nutella brand, which adds chickpeas to its formulation in a move designed to appeal to growing numbers of vegan consumers.

Read more 
Danone removes NutriScore from products

Danone removes NutriScore from products

20 Sep 2024

Following an algorithm update that gives some of its sweetened drinks a worse score, Danone has removed the front-of-pack label, NutriScore, from all of its products – putting profit before public health, say campaigners.

Read more 
Chobani develops shelf-stable, prebiotic-enriched Super Milk

Chobani develops shelf-stable, prebiotic-enriched Super Milk

12 Sep 2024

Chobani has launched a prebiotic-enriched, shelf-stable, high-protein dairy milk to support people in disaster zones who need a nutritious drink that does not require refrigeration.

Read more 
Tesco trials methane mitigation supplement for dairy cattle

Tesco trials methane mitigation supplement for dairy cattle

5 Sep 2024

Tesco is trialing a methane-reducing feed supplement for one of its key UK dairy farms, sustainable UK milk producer Grosvenor Farms.

Read more 
Sheep and goat plague: A new threat to Greece’s feta production

Sheep and goat plague: A new threat to Greece’s feta production

27 Aug 2024

A recent goat and sheep plague outbreak threatens feta production in Greece. The flagship product accounts for roughly 10% of the country’s food exports, but Greek authorities say there is no cause for concern.

Read more