Givaudan acquires Golden Frog, Vietnamese flavour company
Scent and flavour giant Givaudan, the company behind many of the tastes and smells we encounter every day, has made an acquisition: Golden Frog. The Vietnamese flavour-maker serves to further two trends that Givaudan is passionate about: the use of natural flavours and ingredients; and the push into Asia. In regards to the first, Golden Frog is a market leader; and in regards to the second, situated in Hi Chi Minh City, and employing 156 people, Golden Frog is well-positioned to be Givaudan’s gateway into the east.
Givaudan’s share price has appreciated by 12% so far this year
Source: Yahoo Finance
In a statement over the acquisition, Givaudan’s president of flavour division, Louie D’Amico, said: “Strengthening and expanding our offering in naturals continues to be a key priority for Givaudan. The addition of Golden Frog’s product portfolio, taken and know-how will further enable Givaudan to provide global, regional and local customers with complete and competitive natural solutions.”
Givaudan’s regional commercial head for Asia Pacific, Monila Kothari, 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.”
At time of writing, the terms of the deal, which is expected to close later this year, have not been released.
Dominion holds Givaudan in its Global Trends Managed fund.
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