Givaudan completes acquisition of Nutrition Division of Centroflora
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15 May 2018 --- 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.
FoodIngredientsFirst has reached out to Givaudan for further details.
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