12.03.20
Gelita AG, a global producer of collagen proteins headquartered in Germany, has acquired 65% of shares in the Turkish gelatin producer SelJel. With the joint venture, the remaining 35% of the company’s shares will remain with the founders, Gelita reports.
The company produces an approximate 6,500 metric tons of edible, pharmaceutical, and technical gelatin yearly, and is the first Turkish producer, supplying both national and international customers.
“We are delighted that we have come to an agreement. SelJel complements Gelita perfectly,” Dr. Franz Josef Konert, CEO of Gelita AG, said. “All their products have halal status, which helps us to meet the growing demand for these products. This will further boost Gelita’s strong global network, now with 23 locations worldwide, and SelJel will profit from Gelita’s global presence.”
The joint venture is part of Gelita’s strategy to meet the increasing demand for gelatin, particularly of the halal bovine variety. This is an important requirement to extend market shares to Islamic states as well as large parts of Asia, the company said. The SelJel company, which was founded in 1961 and employs around 220 people, focused on the production of technical gelatin in its early years, but has expanded its halal gelatin product profile to include uses in edible and pharmaceutical applications.
“In the coming weeks we will work on the swift integration into the group to leverage the resulting synergies to the fullest,” Gelita said in an announcement. “The founding family Tezman will continue to manage the company.”
The company produces an approximate 6,500 metric tons of edible, pharmaceutical, and technical gelatin yearly, and is the first Turkish producer, supplying both national and international customers.
“We are delighted that we have come to an agreement. SelJel complements Gelita perfectly,” Dr. Franz Josef Konert, CEO of Gelita AG, said. “All their products have halal status, which helps us to meet the growing demand for these products. This will further boost Gelita’s strong global network, now with 23 locations worldwide, and SelJel will profit from Gelita’s global presence.”
The joint venture is part of Gelita’s strategy to meet the increasing demand for gelatin, particularly of the halal bovine variety. This is an important requirement to extend market shares to Islamic states as well as large parts of Asia, the company said. The SelJel company, which was founded in 1961 and employs around 220 people, focused on the production of technical gelatin in its early years, but has expanded its halal gelatin product profile to include uses in edible and pharmaceutical applications.
“In the coming weeks we will work on the swift integration into the group to leverage the resulting synergies to the fullest,” Gelita said in an announcement. “The founding family Tezman will continue to manage the company.”
