Givaudan Acquires 40.6% Of Shares In Naturex

Wednesday, March 28th, 2018 | 828 Views

Swiss manufacturer of flavours Givaudan has entered into an agreement to acquire 40.6 percent of the shares in Naturex, a provider of plant-based ingredients, for 135 euros (US$168) per share and a total of 522 million euros (US$650 million).

Givaudan Acquires 40.6% Of Shares In Naturex intends to launch a mandatory cash tender offer for all remaining outstanding shares of Naturex. The move is a part of its 2020 strategy to strengthen its capabilities in natural flavour solutions for its customers.

Naturex offers solutions for plant extraction and the development of natural ingredients for the food, health and beauty sectors. The company is headquartered in Avignon, France and reported sales of US$504 million in 2017, and it operates from 16 production sites around the world.

Louie D’Amico, president designate of Givaudan’s flavour division said: “Consumers around the world are increasingly demanding more natural and organic products from food and beverage companies. Naturex will be extremely complimentary to the acquisitions we have announced in this space over the last few years, namely Spicetec, Activ International, Vika and Centroflora Nutra.”


Check out these articles:

Campbell Sells Arnott’s To KKR

Nestlé Launches YES! Snack Bars In Recyclable Paper Wrapper

FHA-Food & Beverage

First Dietary Fibre Verified Natural According To ISO

DuPont Launches All-Round Ingredient Solutions For Plant-Based Innovation

The Value Of Blockchain Technology For The F&B Industry In Asia

ProPak Launches In The Philippines

2020 Vision: Four Emerging Packaging Trends And X-Ray Applications

Tech For The “Clean Eating” Generation

Fi Vietnam