Givaudan has agreed to acquire Vietnamese flavours firm Golden Frog for an undisclosed sum, as the company seeks to strengthen its presence in the Asia Pacific market.
Ho Chi Minh City-based Golden Frog manufactures a wide range of natural flavours, extracts and essential oils for companies in the food and beverage industry.
Natural ingredients including herbs, spices, fruit and vegetable extracts and essential oils are among the main products produced by the company, which administers several manufacturing sites in the Ho Chi Minh area.
Golden Frog employs around 156 people and mainly supplies companies in the Asian region. Givaudan claims that the acquisition of the company will significantly enhance its portfolio of natural ingredients.
Louie D’Amico, president of Givaudan’s Flavour Division said: “Strengthening and expanding our offering in naturals continues to be a key priority for Givaudan.
“The addition of Golden Frog’s product portfolio, talent and know-how will further enable Givaudan to provide global, regional and local customers with complete and competitive natural solutions.”
Monila Kothari, Givaudan’s regional commercial head, APAC added: “With a growing population of over 97 million people, Vietnam is a market with tremendous growth potential for Givaudan in the Asia Pacific region.
“The combination of Golden Frog’s naturals portfolio with our long heritage in naturals and sustainable sourcing will expand our leadership position in the country and bring numerous benefits to our customers, employees and communities locally and across the ASEAN region.”
By Martin White
Source: FoodBev
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