Givaudan announces that it has completed the acquisition of Naturex, following the implementation of the squeeze-out procedure and the delisting of Naturex shares from the Euronext Paris stock exchange on 18 September
Gilles Andrier, CEO of Givaudan, said: “This acquisition is another important step in delivering on our 2020 ambition, and we are excited to welcome Naturex employees to Givaudan.
Givaudan is the global leader in the space of natural flavours, 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 Flavour 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.