AGRANA and INGREDION plan joint venture in Romania

AGRANA

Monday, December 2, 2024

AGRANA Stärke GmbH, a subsidiary of AGRANA Beteiligungs-AG, has signed a joint venture agreement with starch producer INGREDION Germany GmbH for the joint further development of starch production in Romania. On the basis of the agreement, which is subject to the approval by the competent competition and regulatory authorities, INGREDION Germany GmbH will acquire 49% of the shares in S.C. AGFD Țăndărei s.r.l. from AGRANA Stärke GmbH. “We want to drive our growth in Europe by entering into a joint venture and we believe INGREDION is the ideal partner for this. The collaboration combines our different expertises in starch production and fits perfectly with our Group strategy 'Next Level'. We’re implementing the strategy step by step, and strengthening our commodity and specialty business consistently, is a central aspect,” explains Stephan Büttner, CEO of AGRANA Beteiligungs-AG.

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