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
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.”
Dominion holds Givaudan in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.