03.29.18
Givaudan will acquire a 40.6 percent stake in Naturex, the French natural flavors maker, for 522 million euros. The company said it plans to launch a cash offer for the outstanding stake at 135 euros per share, according to reports,
Givaudan, a Switzerland-based fragrance and flavors company, says the deal is part of its strategy to grow its natural flavor business by 2020.
Gilles Andrier, chief executive officer of Givaudan stated, “Givaudan is the global leader in the space of natural flavors, and 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.”
Naturex, based in France, has 16 production facilities, globally, and employs 1,700 people. The company’s strengths lie in plant extraction and the development of natural ingredients for food, health, and beauty.
