Givaudan acquires natural extract company
Givaudan, a creator of fragrances and flavours, has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a world player in natural extracts.
Centroflora Nutra manufactures botanical extracts and dehydrated fruits for the food and beverage industry. Located in Botucatu, Brazil (and shown in the photograph above), the company employs 116 people.
Gilles Andrier, CEO of Givaudan, comments: “Today is an exciting day and we are delighted to welcome Centroflora Nutra’s employees to the Givaudan family and provide our joint customers with an expanded offering of natural solutions. Centroflora Nutra’s sourcing and social-environmental responsibility activities will strengthen our naturals sourcing platform as well as Givaudan’s existing sustainability programme A Sense of Tomorrow”.
Louie D´Amico, President of Givaudan’s Flavour Division, adds: “This acquisition is aligned with our ambition to support food and beverage companies in developing great tasting products that align with consumer demands for clean label, organic and natural ingredients. Centroflora Nutra´s product portfolio will complement Givaudan's existing capabilities in natural flavours, kitchen ingredients, integrated solutions and functional ingredients.”
While terms of the deal have not been disclosed, Centroflora Nutra´s business would have represented approximately CHF 17 million (£12.5m) of incremental sales to Givaudan’s results in 2017 on a proforma basis. Givaudan plans to fund the transaction from existing resources.