“Today is an exciting day for Givaudan and Vika as we join together and embark on a journey to provide our combined customers with a broader set of natural dairy and savoury solutions. The addition of the Vika Group of products and talented employees will enhance our position as a leader in naturals.”
Mauricio Graber, President of Givaudan’s Flavour Division said:
“This acquisition is aligned with our ambition to support all food and beverage companies in developing great tasting products that align with consumer demands for clean label, organic and natural ingredients. Givaudan is committed to providing customers with a broader range of flavour and taste solutions ranging from traditional synthetic flavours to natural flavours and flavours from foodstuffs.”
While terms of the deal have not been disclosed, Vika’s business would have represented approximately EUR 64 million of incremental sales to Givaudan’s results in 2016 on a proforma basis. Givaudan plans to fund the transaction from existing resources.
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 4.7 billion in 2016. Headquartered in Switzerland with local presence in over 95 locations, the Company has more than 10,000 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
About Givaudan Flavours
Givaudan’s comprehensive knowledge of local flavours, extensive global footprint and strategic insights enable close partnerships with customers wherever they may be. With a customised approach to product creation, the Flavour Division is a powerhouse of knowledge, innovation and creativity equipped to surprise customers and consumers with fresh, unique ideas and solutions. Givaudan creates lasting flavour and taste experiences that touch emotions across key segments including beverages, sweet goods, savoury and snacks; regardless of product category, Givaudan’s passion is to make food and beverage products taste delicious. We invite you to ‘engage your senses’ and learn more about Flavours at www.givaudan.com/flavours.
About Major - the chefs base®
Major International is a manufacturer of the finest stock bases, marinades, bouillons, broths, gravies, jus, fruit bases and sauces. Founded in 1989 Major International has risen to prominence as a leader at the forefront of the industry, as a brand synonymous with quality, innovation and amazing flavours.
For further information, please contact:
Paul Saunders, Major Marketing Manager
T 01933 356012
Ingrid Janson, Givaudan Flavour Communications
T +1 786 602 4337