Symrise has announced a purchase agreement signed for a Michael Foods egg processing plant in Hegins, Pennsylvania.
The Michael Foods egg processing plant will consolidate the position of the group in the northeast of the United States. The acquisition fits the strategy of IsoNova Technologies LLC, part of the Symrise Flavor & Nutrition segment, of ensuring the continuous delivery of quality pet food ingredients and innovative solutions to the pet food industry in the United States.
The acquisition will enable Michael Foods to focus on its edible egg business, while also allowing IsoNova to keep up with increasing demands from various customers and free up capacities in other facilities for additional growth.
IsoNova is planning to invest in the site and reinforce the staff to support long-term growth. The transaction is subject to satisfaction of customary closing conditions.