UK-based e-commerce company THG has agreed to sell its Claremont Ingredients business to Nactarome Group, a provider of natural flavours, for £103m ($137m).
Claremont is a flavour manufacturer focused on sports nutrition, bakery, and beverages.
It produces liquid and powder flavourings for various food and beverage products.
The sale represents a considerable return on THG’s initial £52m investment made in 2020.
Backed by TA Associates, Nactarome is based near Milan, Italy, and specialises in natural flavour, taste, and colour solutions for the food and beverage industry.
The company secured the deal through a competitive bidding process.
Nactarome Group CEO Luigi Del Monaco said: “The acquisition of Claremont marks a significant add-on to our existing and important business footprint in the UK.
“Claremont’s deep expertise and strong presence in the sports nutrition market perfectly complement Nactarome’s own capabilities in food and nutrition flavours and colours, as well as our broader global network.”
THG will maintain a long-term supply contract with Claremont post-sale.
The company intends to use the proceeds from the transaction to help reduce net leverage and borrowing costs, aligning with its capital strategy.
The sale is anticipated to decrease THG’s EBITDA by around £5m in FY 2025 and £10m in FY 2026.
THG reported a decline in H1 2025 adjusted EBITDA to £24m from £37.1m in H1 2024, citing higher whey prices.
Claremont, known for its expertise in sports nutrition, bakery, and beverages, will enhance Nactarome’s offerings.
Furthermore, THG plans to invest £15m in 2025 to expand the retail presence of Myprotein brand from 34,000 to 100,000 locations, prioritising market share.
Nactarome UK South Africa and Middle East Regional VP Bryan Jones said: “We are delighted to collaborate with the successful team behind Claremont and extend our warm welcome to Nactarome Group.
“We are excited about the opportunities this partnership presents and look forward to working closely with Claremont; their expertise, knowledge and passion will undoubtedly add significant value to Nactarome and our customers.
“This partnership will strengthen our ability to meet both our customers’ evolving needs by expanding our product portfolio and enhancing the quality and innovation they rely on. Together, we aim to deliver greater value and service for our customers.”
THG CEO Matthew Moulding said: “Claremont has been a huge success, building Myprotein’s global licensing franchise from a standing start to partnering with category-leading brands in just a few years.
“After receiving a highly competitive offer, the timing was right to realise that value. The level of interest we received is a testament to the quality of the business.
“This disposal highlights the significant value embedded across THG’s portfolio. My sincere thanks go to the entire Claremont team for their fantastic contribution and hard work.”
