“This acquisition is another important step in delivering on our 2020 ambition, and we are excited to welcome Naturex employees to Givaudan,” said Gilles Andrier, CEO. “Givaudan is the global leader in the space of natural flavors, 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 Flavor 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 a global leader in the creation of flavors and fragrances. In collaboration with food, beverage, consumer product, and fragrance partners, Givaudan develops tastes and scents that appeal to consumers around the world. 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.
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.