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ICL to acquire dairy proteins company Prolactal

Israeli company ICL’s Food Specialties business unit is to acquire Prolactal, and its subsidiary, Rovita. Prolactal, based in Hartberg, Austria, and Engelsberg, Germany, is a European producer of dairy proteins and other ingredients for the food and beverage industries. The transaction is expected to close during the first quarter of 2015, subject to the receipt […]

Israeli company ICL’s Food Specialties business unit is to acquire Prolactal, and its subsidiary, Rovita. Prolactal, based in Hartberg, Austria, and Engelsberg, Germany, is a European producer of dairy proteins and other ingredients for the food and beverage industries. The transaction is expected to close during the first quarter of 2015, subject to the receipt of regulatory approvals in Austria and Germany.

Prolactal, a privately-held company with annual revenues (2014) of approximately €100 million, produces and sells a range of functional dairy proteins used broadly in the beverage, dairy and meat industries to stabilise and improve the nutrition of beverages and foods processed under a variety of conditions. The combination of ICL’s existing phosphate capabilities and Prolactal’s protein capabilities will, says ICL, enable ICL Food Specialties to provide innovative, value-added ingredient systems that outperform other solutions available today, as well as open up new market opportunities. The combined operations will also increase ICL’s ability to service its existing clients by offering them a broader selection of texture and stability ingredients, including Prolactal’s ‘Prolactal’ and ‘Rovita’ product lines, to better meet the growing demand by consumers for food and beverages with higher protein levels.

Prolactal, which employees approximately 200 people, operates two plants utilising state-of-the-art production process technology capable of complete fractionation of milk. Prolactal’s CEO, Johann Tanzer, has agreed to remain at Prolactal following its sale to ICL and he will join ICL Food Specialties’ senior management.

ICL expects the acquisition to contribute substantial sales and marketing synergies in several regions worldwide where there is growing global demand for texture and stability ingredients.