Givaudan announces that it has completed the acquisition of Naturex, following the implementation of the squeeze-out procedure and the delisting of Naturex shares from the Euronext Paris stock exchange on 18 September.
Gilles Andrier, CEO of Givaudan, said: “This acquisition is another important step in delivering on our 2020 ambition, and we are excited to welcome Naturex employees to Givaudan. Givaudan is the global leader in the space of natural flavours, Naturex further complements our capabilities with its strong portfolio of plant extracts and natural ingredients across the food and beverage, nutrition and health and personal care sectors.”
Louie D’Amico, President of Givaudan’s Flavour Division said: “With Naturex, we continue to strengthen our global capabilities in natural solutions with the aim to help our food and beverage customers meet the growing consumer demand for natural, clean label and organic products. The addition of the Naturex product portfolio will strongly complement our growing palette of extracts and natural ingredients, built through our internal innovation, external collaborations and strategic acquisitions. “
The integration process has now formally kicked off and will continue over the coming months.
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 5.1 billion in 2017. Headquartered in Switzerland with local presence in over 100 locations, the Company has more than 11,100 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
Naturex is an international leader in plant extraction and the development of natural ingredients and solutions for the food, health and beauty sectors. Naturex operates its business through three business units, food and beverage, health and nutrition and personal care. The company achieved sales of EUR 405 million in 2017, operates 16 production locations around the world and employs 1,700 people. More information can be found at www.naturex.com.
For further information please contact
Peter Wullschleger, Media and Investor Relations
T +41 22 780 9093