Givaudan to acquire Dutch ingredients supplier to expand naturals offering12 Jul 2017
Givaudan is acquiring Vika of The Netherlands to strengthen its portfolio of natural dairy solutions. Vika offers a range of natural dairy ingredients, fonds and stocks, as well as meat and plant based extracts.
Givaudan is acquiring Vika of The Netherlands to strengthen its portfolio of natural dairy solutions. Vika offers a range of natural dairy ingredients, fonds and stocks, as well as meat and plant based extracts to customers in the food and beverage industry. The company also has facilities in Belgium, the UK, and New Zealand, employing globally over 200 employees.“Expanding our offering in naturals is a key priority for Givaudan in the context of our 2020 strategy,” said Gilles Andrier, CEO of Givaudan. “Vika’s products, technologies and talent will strengthen our existing capabilities and our ability to develop new taste solutions. We are delighted to welcome Vika’s employees to our Company and are confident that their industry expertise will accelerate Givaudan’s position with existing and new customers.”“Savoury and dairy are two categories where consumers feel all-natural ingredients are important and it is our aim to keep strengthening our offering in these sectors,” said Mauricio Graber, President of Givaudan’s Flavour Division. “We look forward to leveraging Vika’s expertise which will complement our own heritage and knowledge in extraction, fermentation and concentration of natural ingredients, opening up new market opportunities for both companies.”While terms of the deal have not been disclosed, Vika’s business would have represented approximately €64 million of incremental sales to Givaudan’s results in 2016 on a proforma basis.
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