Management Buy-Out of NIZO Food Research

Because the shares will be transferred to the current management, continuity of NIZO’s company policy is guaranteed. The NIZO management will continue its business of targeting further growth of turnover by focusing on expanding its customer base, both national and international.

30 Oct 2009 --- The NIZO foundation and the management of NIZO food research B.V. have come to an agreement involving the sale of 100% of the shares of NIZO food research B.V. to the current management.

This step signifies the completion of a policy initiated more than 10 years ago, aimed at the transformation of NIZO into a healthy, independent research company. This policy has led to the current decision.

Over the past years NIZO has developed into an R&D company with a dedicated circle of business partners from across the full spectrum of the international food and ingredient industries.

Because the shares will be transferred to the current management, continuity of NIZO’s company policy is guaranteed. The NIZO management will continue its business of targeting further growth of turnover by focusing on expanding its customer base, both national and international.

NIZO food research was established in 1948 by the Dutch dairy industry. Over the years it has changed from a renowned dairy research institute into a successful, internationally operating R&D company for the food industry in its widest sense. In close collaboration with is clients, NIZO supports innovations (flavour, texture, health), cost control (process efficiency, ingredient replacement, test productions) and responsible entrepreneurship (food safety, sustainability, evidence-based health claims). In addition, NIZO owns one of the largest food-grade pilot plants in Europe for optimization of processes and (test) productions of foods and ingredients.