Creating shareholder value
Givaudan has created over CHF 15 billion in value for shareholders in the form of dividend payments and share price appreciation since the Company’s spin-off in 2000 and the end of 2016. Our shares are traded on the SIX Swiss Exchange, ticker symbol 1064593 GIVN.
Givaudan share price development in CHF since its spin-off in 2000
Source: Bloomberg as of 30-06-2015
Creating additional value through acquisitions: an investment case
We want to create further shareholder value through profitable, responsible growth and acquisitions. We have a strong acquisition track record and see clear opportunities to grow our business. In Flavours, our aim is to provide a broader range of flavour and taste solutions to all customers, with a specific focus in naturals and integrated solutions. In Fragrances, we aim to become a significant player in the active cosmetic ingredients business.
In January 2017, we acquired Activ International. Activ International offers a range of natural and organic flavours, marine extracts, seafood and vegetable based culinary solutions to customers. With headquarters in Bienne (Switzerland), Activ operates from locations in Somerset (New Jersey, USA), Melaka (Malaysia), Mitry-Mory (Paris, France) and Arequipa (Peru), employing globally 170 employees.
SpiceTec Flavors & Seasonings
In July 2016, we closed the acquisition of Spicetec Flavors & Seasonings business. Spicetec offers a range of flavours, spices and savoury seasoning solutions to customers, primarily in North America and operates from locations in Omaha, Nebraska; Carol Stream, Illinois and Cranbury, New Jersey, employing 280 people.
At the end of August 2015, we acquired 100% of Induchem Holding AG and its subsidiaries. Induchem’s portfolio of products is based on a wide range of innovative and highly functional active ingredients, as well as research expertise in fields such as biocatalysis, metagenomics and biochemical synthesis. Employing 65 people, Induchem operates primarily from Volketswil in Switzerland, Toulouse in France, and New York in the USA.
In June 2014, we acquired 100% of the shares of Soliance SA and its subsidiaries. Soliance provides innovative cosmetic solutions to its international customers and partners and develops high added-value active ingredients derived from vegetable sources, microorganisms and microalgae. Soliance has two sites in France, at Pomacle and Ile Grande, and employs 96 people.
In March 2007, Givaudan acquired Quest International, a division of ICI Plc. The acquisition extends our leadership position in all strategic segments of the flavour and fragrance industry. It will strengthen Givaudan’s current leadership and accelerate future growth, especially in important markets of Asia Pacific, Latin America, Eastern Europe and Africa and the Middle East.