Illinois, US headquartered Prinova has continued its global expansion with the acquisition of Brazilian ingredients distributor Aplinova. Prinova is part of the Japanese Nagase group based in Tokyo and Osaka. It was acquired by Nagase in 2019. As a wholly owned subsidiary of the Nagase Group and a leading supplier of ingredients and premixes, Prinova has 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.
Aplinova based in São Paulo, is a provider of specialty ingredients for a range of market segments, including food, beverage, supplements and personal care. Founded in 1987, it has enjoyed double-digit year-on-year growth since 2020.
It recently opened a new facility in Jundiaí with an Innovation Center, established to drive growth while meeting higher ESG and sustainability standards. Its current focus areas include natural flavors, customizations for health and wellness, and expert solutions for sugar reduction.
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. This is another big milestone on our growth journey, and a crucial step in our long-term mission to expand our global presence. Most importantly, it will bring significant benefits to manufacturers, both in the LatAm region, and across the world.”
Barry Kelly, Group managing director, Prinova Global, said, “Aplinova has a deserved reputation for innovation and a truly top-tier team. We’re delighted that Prinova’s customers will now have access to a new wealth of technical expertise and industry knowledge. At the same time, we’re looking forward to ensuring that we maintain the high levels of service that Aplinova’s customers have long enjoyed.”
Masaya Ikemoto, Representative director and senior managing executive officer at Nagase Group, states regarding the acquisition, “We have a long-term vision for global growth, but it’s also crucial to us that we maintain our core values. Aplinova is a company that shares our passion for innovation, and our commitment to meeting the needs of our customers and end-consumers. 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.”
While Prinova services customers with global inventories and market expertise positions in vitamins, amino acids, sweeteners, preservatives, proteins, and aroma chemicals, the Nagase group founded in 1832 consists of approximately 110 companies across 25 countries and regions. The company operates in a wide range of industries, including chemicals, electronics, mobility, energy, food, medical products, and biotechnology.
IGC Partners served as Aplinova’s financial advisor and Maia Yoshiyasu Advogados provided legal counsel. Zavagna Gralha and Stocche Forbes served as legal counsel to Prinova.
