As part of its 2020 strategy to strengthen capabilities in integrated solutions, Givaudan today announced that it is acquiring ConAgra Foods’ Spicetec Flavors & Seasonings business. Spicetec offers a range of flavours, spices and savoury seasoning solutions to customers, primarily in North America.
Givaudan today became the first global flavours company to open laboratory and office facilities in Pakistan, and customers will now be able to access the Company’s industry-leading capabilities locally. Located in Karachi, the 800m2 new facility will strengthen Givaudan’s capabilities in beverages, snacks and sweet goods in the region.
Givaudan today marked the start of construction of a new innovation centre in Kemptthal, Switzerland, a CHF 120 million investment demonstrating its commitment to provide innovative solutions to customers in the flavour and fragrance industry.
Givaudan recorded a good start to the year. In the first three months of 2016, the Company recorded sales of CHF 1,152 million, an increase of 5.8% on a like-for-like basis, and 5.6% in Swiss francs compared to the previous year.
Establishing one unified identity is a key step towards our 2020 ambition to make Givaudan a significant player in the fast-growing active cosmetics business.
Givaudan has released its Sustainability Report 2015, outlining continued progress and strengthened strategic focus, and has published four stories focused on sustainable innovation.
Givaudan’s exclusive anthology tells the fascinating story of the flavour and fragrance industry and the profound impact smell and taste has on so many facets of our life. The book’s five authors explore the philosophical, historical, scientific and literary aspects of an industry that touches the emotions of millions of people around the world, every day.
Givaudan seeks to ensure responsible growth and shared success for its shareholders, customers and all key stakeholders. Over the next five years, the Company aims to outperform the market and deliver a continued strong free cash flow.