Givaudan completes Centroflora Nutra acquisition
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Givaudan completes Centroflora Nutra acquisition

Frangrance and flavour giant Givaudan completed its acquisition of Centroflora Nutra this month. Centroflora Nutra is the nutrition division of Centroflora Group, which is a global leader in the manufacturing of “natural extracts” such as botanical extracts and dehydrated fruits for the food and beverage industry. As Givaudan looks to operate more closely within this fast-growing and lucrative trend, the acquisition of Centroflora Nutra will give it a massive leg-up in the industry.

Givaudan’s share price has risen by 5% in the last 30 days

graph 2405 givaudan

SOURCE: Yahoo Finance

The acquisition of Centroflora Nutra was first announced in September 2017, and the terms of acquisition have not been released. Givaudan has not maintained total silence over it, however. The company’s CEO, Gilles Andrier, said: “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, the president of Givaudan’s flavour division, added: “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 flavours, kitchen ingredients, integrated solutions and functional ingredients.”

Disclosure

Dominion holds Givaudan in its Global Trends Managed Fund.


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