2018 in review: The top 20 stories
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Givaudan expands in extracts, eyes the concept of “taste”: In March 2018, it emerged that Givaudan had entered into an agreement to acquire 40.6 percent of the shares of Naturex, the global leader in specialty plant-based natural ingredients. In September, Givaudan completed the acquisition of Naturex, following the implementation of a squeeze-out procedure and the delisting of Naturex shares. The deal valued the French-headquartered supplier at around €1.3 billion (US$1.61 billion), or a roughly 42 percent premium over its market capitalization, before it was announced at the beginning of the year. Leading global flavor house Givaudan, which marked its 250th anniversary in 2018, has evolved far beyond its roots to identify itself around the more holistic concept of “taste” rather than mere “flavor” alone.