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.”

 

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