Givaudan acquires Spicetec

26 May 2016

As part of its 2020 strategy to strengthen capabilities in integrated solutions, Givaudan has acquired ConAgra Foods’ Spicetec Flavors & Seasonings business for $340 million.

Givaudan acquires Spicetec

As part of its 2020 strategy to strengthen capabilities in integrated solutions, Givaudan has acquired ConAgra Foods’ Spicetec Flavors & Seasonings business for $340 million.

Spicetec offers a range of flavours, spices and savoury seasoning solutions to customers, primarily in North America and operates from locations in Omaha, Nebraska; Carol Stream, Illinois and Cranbury, New Jersey, employing 280 people. The transaction is expected to add approximately $185 million to Givaudan’s revenue on a full year basis.

“This acquisition fits with our 2020 strategy to expand our offering to deliver integrated solutions where flavour and taste play a key role,” said Gilles Andrier, CEO of Givaudan. “Spicetec brings complementary capabilities to Givaudan with its strong portfolio of spices, seasoning blends and natural solutions. We are delighted to welcome Spicetec’s employees to Givaudan; our high cultural fit will contribute greatly to a successful integration.”

“Combining Givaudan’s leading flavour expertise with Spicetec’s portfolio of products will enable us to deliver a broader range of solutions to our customers in processed meats, savoury retail and foodservice,” said Mauricio Graber, President of Givaudan’s Flavour Division. “Furthermore, these additional capabilities will help us strengthen the breadth of our industry leading natural ingredients, flavour and taste solutions.”