Prinova, a subsidiary of Japan’s Nagase, has acquired Brazilian ingredients distributor Aplinova to boost its footprint in Latin America.
Based in São Paulo, Aplinova provides speciality ingredients for a wide range of market segments, including personal care.
Founded in 1987, it has enjoyed double-digit year-on-year growth since 2020, and recently opened a new facility in Jundiaí.
Prinova, a leading supplier of ingredients and premixes, has significantly increased its footprint in Latin America in recent years.
The acquisition of Aplinova follows the takeover of Brazilian citrus oil processor Flavor Tec in 2023.
Richard McEvoy, president and CEO of the Prinova Group, said: “The Brazilian ingredients market is increasingly important and Aplinova has long been one its key players, so we’re excited to bring them into the Prinova family.
Masaya Ikemoto, representative director and senior managing executive officer at Nagase Group, added: “We have a long-term vision for global growth, but it’s also crucial to us that we maintain our core values.
“At a time when consumer-driven demand for healthy and functional products has never been higher, the opportunities that this acquisition will create are incredibly exciting.”
IGC Partners served as Aplinova’s financial advisor and Maia Yoshiyasu Advogados provided legal counsel. Zavagna Gralha and Stocche Forbes served as legal
