Givaudan completes acquisition of Vika B.V.
01 Sep 2017 --- Givaudan has completed the acquisition of Vika B.V. in a bid to bolster its portfolio of natural dairy solutions. Vika offers a range of natural dairy ingredients and stocks, as well as meat and plant based extracts to customers in the food and beverage industry. Givaudan announced its intent to acquire Vika in July 2017. You can read the FoodIngredientsFirst article here.
Gilles Andrier, CEO of Givaudan said: “Today is an exciting day for Givaudan and Vika as we join together and embark on a journey to provide our combined customers with a broader set of natural dairy and savory solutions. The addition of Vika’s products and talented employees will enhance our position as a leader in naturals.”
“Vika brings complementary capabilities to Givaudan with its strong portfolio of natural dairy solutions, fonds, stocks, glazes and marinades, and vegetable and meat extracts,” Mauricio Graber, President of Givaudan’s Flavor Division Mauricio Graber tells FoodIngredientsFirst.
“This acquisition is aligned with our ambition to support all food and beverage companies in developing great tasting products that align with consumer demands for clean label, organic and natural ingredients. Givaudan is committed to providing customers with a broader range of flavor and taste solutions ranging from traditional synthetic flavors to natural flavors and flavors from foodstuffs,” notes Graber.
While terms of the deal have not been disclosed, Vika’s business would have represented approximately €64 million (US$76 million) of incremental sales to Givaudan’s results in 2016 on a proforma basis. Givaudan plans to fund the transaction from existing resources.
