The agreement is subject to anti-trust authorities’ approval which is expected in the coming months, the company said in a statement Monday.
Headquartered in the Romanian city of Alba Lulia, Supremia is the leader in Romanian food ingredients and spices market, and is active in Eastern and Western Europe, as well as Scandinavia.
Supremia Grup was established in 2000 and employs more than 300 people. In 2016, the company posted sales of EUR52.1 million.
Following the acquisition, the current management team will stay in the company.
For Solina, the acquisition represents the latest step in its external growth strategy in the European food industry.