Natural Products Insider is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Givaudan to Acquire Naturex

Givaudan to Acquire Naturex for $1.6 Billion

Givaudan announced it will acquire Naturex, a manufacturer and marketer of plant-based specialty ingredients for the food, health and cosmetic industries, in a two-part deal that amounts to approximately US$1.6 billion.

The acquisition will strengthen Givaudan’s foothold in the growing natural flavors sector and move it into a leading position in natural extracts and ingredients market, which is predicted to grow as consumers make the shift from synthetic food ingredients to natural, clean label alternatives.

In the first step of the transaction, Givaudan will acquire 40.6 percent of Naturex’s shares at €135 per share. Following the acquisition, Givaudan will launch a mandatory cash tender offer for all remaining outstanding shares of Naturex for the same price per share.

Naturex, which had €404.9 million in sales in 2017, develops a range of natural ingredients derived from plant extracts and operates 16 production sites throughout Europe, North America, South America and Asia. Givaudan, which creates flavors and fragrances for the food, beverage and fragrance industry, had sales of 5.1 billion Swiss francs in 2017.

Commenting on the acquisition: Olivier Rigaud, CEO of Naturex, said: “This combination is supported by a strong strategic rationale with an ambition to become the leader in natural ingredients. We are proud to become part of Givaudan and leverage the complementary capabilities for our customers.”

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish