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With a consolidated turnover of 16 million Euros and 110 employees, Innov’ia is, with its subsidiaries, one of the European leaders in the design and toll manufacturing of powders and granules for the food and feed industry, cosmetic, pharmaceutical and fine chemical sectors.
Over the last 15 years, Adisseo and Innov’ia have successfully developed several partnerships related to animal nutrition additives. In 2008, Innov’ia set up the production unit of its subsidiary Innocaps on the industrial platform of Adisseo’s Commentry site (France).
“This acquisition perfectly fits with our external growth strategy, whose main targets are the continuous improvement of our products and services, as well as the acquisition of new technologies. It strengthens the Adisseo group’s expertise in the formulation of additives, which is of added value for our customers", points out Jean-Marc Dublanc, President of Adisseo.
"This alliance with the Adisseo group, a long-standing partner, strengthens our existing collaboration in terms of research, development and industrial transfer", underlines Pierre Buisson, Chief Executive Officer of Innov’ia.
The objective of the Adisseo group is to eventually accelerate Innov’ia’s growth on its different markets. To this extent, the management of this business will remain largely autonomous.
The group has also announced that through its subsidiary Adisseo Holding, it has launched a voluntary repurchase offer for the Innov’ia shares that it still does not control. This offer, which will be open from September 27 to October 31, 2011, gives Innov’ia shareholders the opportunity to sell their shares at a price of €6.67 per share.
Innov’ia shares are currently listed on the Euronext Paris Marché Libre with the code ISIN FR0000185779.
If, at the end of the offer, and in accordance with article 4.2 of the Note d'Organisation du Marché Libre, the Adisseo group has exceeded the threshold of 95% in the capital and voting rights of Innov’ia, it will request the delisting of the Innov’ia shares.
