Creating shareholder value
Over CHF 20 billion in value has been created for shareholders in the form of dividend payments, share repurchase programmes and share price appreciation since the Company’s spin-off in 2000 and the end of 2017. 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 31-12-2017
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 June 2018, we completed the acquisition of Expressions Parfumées, a French fragrance creation house, from its current shareholders, Orfite and Expressions Parfumées’ management. Founded in Grasse in 1982, Expressions Parfumées is a pioneer of natural fragrance compounds and offers its NATCO® range of perfumes designed to adapt to any production labelled ‘organic’ and employs about 200 people.
Nutrition Division of Centroflora (Centroflora Nutra)
In May 2018, we completed the acquisition of 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.
In September 2017, we completed the acquisition of Vika B.V. Vika offers a range of natural dairy ingredients, fonds and stocks, as well as meat and plant based extracts to customers in the food and beverage industry With headquarters in the Netherlands, Vika has also facilities in Belgium, the UK, and New Zealand, employing globally over 200 employees.
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.