Sector News

Givaudan completes acquisition of Nutrition Division of Centroflora

May 16, 2018
Food & Drink

Givaudan has announced it 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, Centroflora Nutra employs 116 people. Givaudan initially announced its intention to acquire Centroflora Nutra in September 2017.

Gilles Andrier, CEO of Givaudan said: “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, said: “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 flavors, kitchen ingredients, integrated solutions and functional ingredients.”

Speaking to FoodIngredientsFirst, Ingrid Janson, Givaudan said: “There is a strong global trend towards well-being – looking after the body through healthy eating and exercise. In general, products with natural ingredients are viewed by consumers as healthier and of better quality than more highly processed products and this is a strong driver of purchasing decisions.”

“There is also a strong trend towards authenticity and going ‘back to basics’. Consumers are looking for food and drink products with short ingredients lists and simple ‘kitchen cupboard’ ingredients – as close as possible to home-made – and the move towards botanicals reflects this.”

While financial terms of the deal have not yet been disclosed, Centroflora Nutra´s business would have represented approximately CHF 17 million (US$16.9 million) of incremental sales to Givaudan’s results in 2017 on a proforma basis. Givaudan plans to fund the transaction from existing resources.

Source: FoodIngredientsFirst

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.