Sector News

Givaudan buys cosmetics ingredients group Induchem

August 31, 2015
Food & Drink

(Reuters) – Swiss flavors and fragrances group Givaudan (GIVN.VX) said on Monday it would buy Induchem Holding AG, in a move to strengthen its active cosmetic business.

It did not give any financial details of the deal.

Givaudan said Induchem, which employs 65 staff and operates primarily from Switzerland, France and New York, would have represented around 25 million Swiss francs ($26.1 million) in additional sales in 2014 on a pro forma basis.

(Reporting by Michael Shields; Editing by Anand Basu)

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.