Solina acquires Canada’s Lynch Foods in latest phase of North American expansion
PARIS, March 2, 2023 /PRNewswire/ — Solina, a leading global partner to the food industry developing solutions for great tasting ingredients, has acquired WT Lynch Foods Limited in Canada to accelerate its expansion in the North American market.
Lynch Foods is a Ontario, Canada-based manufacturer of custom savory and sweet culinary solutions for foodservice and industrial markets, generation $95 million CAD (65M €) annual turnover. The Company offers its foodservice, QSR and industrial customers sauces, syrups and dessert toppings in tabletop and bulk quantities for the kitchen, as well as soup and sauce bases.
Like Solina, Lynch Foods offers a wide range of manufacturing and packaging options that provide flexibility to meet customer needs and has been committed to unique, quality flavor solutions since its inception in 1942.
By acquiring these skills, Solina continues the North American expansion that began with the 2020 purchase of Canadian foodservice leader Produits Alimentaires Berthelet. Lynch Foods’ leadership team and the company’s 178 employees will join Solina and bring in Solina’s headcount Canada to more than 315, making it a significant player coast to coast with unique flavor solutions and manufacturing capabilities.
“In Lynch Foods, we have acquired a company that has a similar and complementary business platform to Berthelet and has the capacity and capabilities to drive our growth as a leading food solutions partner in the Canadian market,” said Anthony Francheterre, CEO of Solina . “This is a positive and exciting move for both companies, our customers and our employees.”
“This is a remarkable moment for us Canada,” called Guillaume DuboisPresident of Solina Canada. “Having Lynch Foods and Berthelet in our portfolio gives us coast-to-coast coverage and establishes Solina as the leading provider of foodservice and customized flavor solutions nationwide. Our customers and our employees will benefit from our expanded capabilities and our ability to grow with them.”
Solina has leadership skills in Canada And The United States through a series of acquisitions in recent years. Alongside Berthelet, the leading savory food supplier acquired Asenzya, a provider of custom dry savory solutions, and Saratoga Food Specialties, a leading provider of custom seasoning and sauce flavoring solutions for foodservice chains and food manufacturers. Solina now has four locations in the US and three in Canada complementing its diversified portfolio of culinary solutions for both dry and liquid ingredients Europe and enable it to differentiate itself as an agile and customer-centric partner for North American food solutions.
For media inquiries:
Venone Public Relations: Kelly Richardsonapr
For more information, please contact:
Solina Canada (Products Alimentaires Berthelet and Lynch Foods): Guillaume Dubois
Solina North America: Mark Duffy
Solina Global/Europe: Thomas Decroix
Solina is a leading global partner for the food industry, foodservice, QSR (quick service restaurants) and nutritional sectors, developing customized ingredient solutions that help create food that is literally good for people, good for the planet. By sourcing ingredients from around the world, applying its culinary creativity and technical know-how from over 30 R&D centers, by operating over 37 manufacturing facilities in 18 countries Europe And North America, Solina combines its global presence with local market proximity to help its customers create foods that consumers crave. headquarters in France, the company has more than 3,370 employees and serves customers in more than 75 countries. Solina’s majority shareholder is Astorg, an independent private equity firm.
For more information, visit: www.solina.com
About Lynch Foods
Lynch Foods is a Canadian food manufacturer that provides customized food solutions for the hospitality, retail, healthcare and industrial sectors and prides itself on superior product quality, industry-leading order fulfillment rates, quality control standards and innovative research and development. With diverse manufacturing capabilities, Lynch Foods manufactures jams and jellies, sauces and dressings, soup and sauce bases, cold and hot beverage mixes, syrups and dessert toppings, ranging from small portion sizes for consumers to large quantities for restaurants and industrial customers.
For more information, visit www.lynchfoods.com