Flavor and fragrance maker Givaudan said it was acquiring Vika B.V., headquartered in the Netherlands, to strengthen its portfolio of natural dairy solutions with products that include cheese ingredients.
Vika’s business would have represented approximately 64 million euros ($72.90 million) of incremental sales to Givaudan’s results in 2016 on a proforma basis, Givaudan said.
The terms of the deal were not disclosed.
By Silke Koltrowitz
Source: Reuters
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The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
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