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More news about Camlin Fine Sciences
25Feb 25
Camlin Fine Sciences to Acquire Up to 100% Stake in French Ingredient-Tech Company Vinpai S.A.
Camlin Fine Sciences Limited (CFS) plans to acquire up to 100% stake in Vinpai S.A., a French ingredient-tech company specializing in natural alternatives to chemical additives. The acquisition involves a multi-step process including a share purchase agreement for a 78.68% stake, a €3.3 million convertible bond investment, and a potential mandatory tender offer for remaining shares. The total acquisition cost could reach €5.96 million. This strategic move aims to expand CFS's product portfolio, access new technologies, and strengthen its position in the food, cosmetics, and nutraceutical industries. Vinpai, founded in 2011, has shown consistent growth with a projected turnover of €9.2 million in 2024.