PB Leiner enters into two joint ventures to reinforce its global position
Thursday, November 24, 2022. PB Leiner (part of Tessenderlo Group) is glad to announce having established new joint ventures in P.R. China and in Brazil.
PB Leiner has entered into a joint venture with Hainan Xiangtai Group in P.R. China to produce and commercialize premium fish collagen peptides. Under the terms of this agreement, the joint venture will produce marine collagen peptides based on PB Leiner’s technology with effect from the fourth quarter of 2022. The combined forces of the two companies will allow for a robust premium product range, tapping into the worldwide increasing demand for qualitative marine collagen peptides. Hainan Xiangtai’s fish processing chain, combined with PB Leiner’s global commercial network and extensive collagen manufacturing know-how, will result in a range of marine collagen peptides of outstanding quality.
Meanwhile, in Brazil, PB Leiner has established a joint venture with D&D Participações Societárias, which is one of the country’s leading tannery groups. Under the terms of this joint venture, D&D Participações Societárias has acquired a minority stake in the shares of the Brazilian plant of PB Leiner (PB Brasil Industria e Comercio de Gelatinas Ltda). The combined strength of the two companies will enable a long-term sustainable offering of an impressive premium product range of beef hide gelatin based on PB Leiner’s technology. D&D Participações Societárias' beef hide processing chain, along with PB Leiner’s global commercial network and extensive gelatin manufacturing know-how, will ensure gelatin of excellent quality. The joint venture is subject to the fulfilment of a number of customary conditions precedent, such as receiving the approval of the Brazilian antitrust authorities.