Astorg Enters Exclusive Negotiations to Acquire Solina from Ardian

Astorg to Acquire Majority Stake in Solabia Group

May 7, 2025

Biotechnology

Astorg has signed a definitive agreement to acquire a majority stake in Solabia Group from TA Associates, with TA reinvesting alongside Astorg. Solabia, a Paris-headquartered biotech ingredients manufacturer with 11 production sites, 8 R&D labs and over 900 employees, will partner with Astorg to accelerate international expansion (particularly in the US and Asia), advance product innovation and pursue targeted M&A.

Solina Acquires Asenzya Inc.

November 9, 2021

Food & Beverage

Solina, a European savoury ingredients leader backed by private equity firm Astorg, has completed the acquisition of Asenzya Inc., a custom dry seasoning and flavour solutions provider headquartered in Oak Creek, Wisconsin. The deal gives Solina its first direct presence in the United States and expands its North American capabilities and customer reach; Asenzya has about 145 employees and annual sales of roughly $50 million.

Solina Acquires Food Compounds B.V.

October 6, 2021

Food & Beverage

French savoury-ingredients group Solina (majority-owned by PE firm Astorg) has completed the acquisition of Food Compounds B.V., a Netherlands-based specialist in powder-based premixes and coating systems for potato processors. The deal strengthens Solina's coating expertise and R&D capabilities as part of its ongoing expansion strategy; financial terms were not disclosed.

Solina Acquires Saratoga Food Specialties

October 4, 2022

Food & Beverage

Solina, a France-based producer of savoury ingredient solutions, has signed an agreement to acquire Saratoga Food Specialties to accelerate its North American expansion. The deal (subject to regulatory approval) will add Saratoga's liquid-sauce capabilities, three U.S. manufacturing sites and approximately 500 employees to Solina's North American footprint.

Astorg Acquires Majority Stake in Steliau

February 26, 2024

Industrial Services

Astorg, a European private equity firm, has signed an agreement to acquire a majority stake in Steliau, a pan-European value-added distributor (VAD) of electronic solutions, from B&Capital. Steliau, founded in 1992 and headquartered in Montrouge, France, employs more than 200 people across eight countries and will partner with Astorg to accelerate organic growth and execute a buy-and-build strategy.

Solina Acquires Sokol Custom Food Ingredients

February 6, 2025

Food & Beverage

Solina, a France-based global food-ingredients partner, has acquired U.S.-based Sokol Custom Food Ingredients, a Countryside, Illinois manufacturer of custom sweet and savoury sauces. The deal strengthens Solina USA's sweet-sauce capabilities, increases capacity and scale in the Midwest, and continues Solina's expansion in North America; Sokol was owned by Burlington Capital Partners prior to the sale.