Vaessen-Schoemaker acquired Agersol

Squarefield acted as exclusive financial advisor to the shareholders of Vaessen-Schoemaker on the acquisition of Agersol.

Today, our client Vaessen-Schoemaker announced it has completed the acquisition of a majority stake in Agersol Sp. z.o.o.  (“Agersol” or the “Company”), a Polish producer of innovative functional ingredients for meat applications and predominantly focuses on the production of alginate-based gel casings.

Through the acquisition, Vaessen-Schoemaker adds highly innovative alginate (casings) technology to its portfolio of functional ingredients for meat, vegetarian, seafood and bakery applications and is able to better serve its customers active in these markets.Agersol in turn will be able to utilise and benefit from the strong commercial European network of Vaessen-Schoemaker. The Company will continue to operate as a stand-alone production company dedicated to the development of alginate-based casings.

With over 70 of years experience in the field of functional solutions, casings activities have been an important part of Vaessen-Schoemaker’s heritage. With the full support of the experts of Agersol, Vaessen-Schoemaker is able to further grow with innovative and high-quality casings solutions.

Vaessen-Schoemaker

Vaessen-Schoemaker, a leading supplier of high value-add functional ingredients based in Deventer in the Netherlands. Founded nearly 70 years ago, Vaessen-Schoemaker has now become one of the leading suppliers of innovative functional solutions for protein (red meat, poultry, vegetarian and seafood), bakery and convenience applications.

Agersol

Katowice-based, Agersol is a Polish producer of innovative functional ingredients for meat applications and predominantly focuses on the production of alginate-based gel casings. Agersol has a strong presence in Central Eastern Europe offering safe, applicative and innovative products to its clients.

Ad de Haas, CEO Vaessen-Schoemaker states: “Alginate casing solutions are designed for sausage production using co-extrusion and are an alternative to other systems such as natural casings, collagen casings, and form the only existing basis for a purely vegetarian casing solution. With both the market for sausages as the market for vegetarian products showing strong growth, the potential is significant.

2018