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Astorg Targets More Solabia Add-Ons as Ingredients Sector Booms

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Private equity firm Astorg is pursuing additional acquisitions for Solabia, its natural ingredients portfolio company, as the sector experiences strong growth. Three add-ons have already boosted revenue from approximately €180 million to €240 million, according to sources familiar with the matter.

Nicolas Marien, partner at Astorg, described the investment as hitting the "sweet spot" for the firm's strategy. Headquartered in Paris and founded in 1972, Solabia specializes in natural active ingredients for cosmetics, nutraceuticals, pharmaceuticals, food, and clinical testing industries. The company's international expansion and M&A activity remain central to Astorg's investment approach.

The €60 million revenue increase demonstrates the effectiveness of Astorg's add-on strategy in the fragmented ingredients sector. With three successful acquisitions already completed, the firm is actively seeking more targets to further consolidate the market and drive growth. The focus on natural ingredients positions Solabia well in markets demanding sustainable and plant-based solutions.