Food and Beverage Business
Finance

Prinova Expands Its Portfolio with Acquisition of Brazilian Ingredients Distributor

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Based in São Paulo, Aplinova specializes in providing high-quality ingredients for diverse markets, including the food manufacturing sector.

Established in 1987, Aplinova has experienced consistent growth since 2020. Recently, the company expanded its operations by opening a new facility in Jundiaí, which features a state-of-the-art innovation center.

Prinova, a subsidiary of the NAGASE Group, operates manufacturing facilities in the UK, China, and the US. In recent years, it has strategically increased its presence in the Latin American market.

In addition to acquiring Aplinova, the firm also purchased Brazilian citrus oil processor Flavor Tec in 2023.

Commenting on the acquisition, Prinova president and CEO Richard McEvoy highlighted the significance of the Brazilian ingredients market, noting that Aplinova has emerged as a critical player. “We’re excited to bring them into the Prinova family,” he stated.

“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.”

Group managing director Barry Kelly expressed admiration for Aplinova and its well-deserved reputation for innovation. He remarked, “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.”

Prinova joined the NAGASE Group in 2019. NAGASE is a multinational company headquartered in Osaka, specializing in chemicals, plastics, electronic materials, cosmetics, and health foods.

“We have a long-term vision for global growth, but it’s also crucial to us that we maintain our core values,” commented Masaya Ikemoto, representative director and senior managing executive officer at NAGASE Group.

“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.”

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