Sector News

Givaudan acquires Vietnamese flavours firm Golden Frog

May 21, 2019
Food & Drink

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

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.