Corbion will acquire the bread improver business from Novotech Food Ingredients, based in Delhi, India. The deal also grants Indian bakers access to Corbion’s extensive global customer support network.
“This acquisition marks a significant strategic milestone for Corbion,” said Andy Muller, President of the company’s Functional Ingredients and Solutions division. “By enlarging our footprint, augmenting our portfolio with products tailored to local market needs, and enhancing our collaboration with India-based global customers, we’re showing our commitment to sustained growth in India and broadening our reach into Asia. Leveraging local manufacturing strengths will help reinforce our position as a global solutions provider that is regionally relevant.”
The bread improver business built by Novotech is known for its high-quality, innovative solutions, Corbion added.
The transaction reflects Corbion’s strategy to expand within the Indian market and deliver functional solutions for a broader range of customer needs and preferences.
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