Givaudan acquires 40.6% of the shares in Naturex for US$648m

SWITZERLAND - Givaudan has announced that it has entered into an agreement to acquire 40.6% of the shares of Naturex, a French public listed company, for US$168 per share and a total consideration of US$648 million. According to the company, this agreement is part of its 2020 strategy to strengthen its capabilities in natural flavour…

Givaudan invests in Active Beauty to reinforce its 2020 strategy

FRANCE – Givaudan has invested in Active Beauty and its metagenomics platform to boost its pioneering position in the microbiome market, as well as reinforce the company’s 2020 strategy commitment towards better services to the customers. According to the company, it remains committed to making strategic investments that will push the boundaries of scientific innovation…

Givaudan Group reports 4.9% rise in full year sales to US$5.47b

SWITZERLAND – Flavours and fragrances major Givaudan has posted its full year sales of US$5.47billion showing strong financial performance, up 4.9% from last year’s results. According to the company, the net income rose up by 11. 7% year-on-year basis, which amounted to US$771.4million and the EBITDA was of US$1167million. Givaudan completed the year with good…

Givaudan appoints Louie D’Amico new President for its Flavours Division

SWITZERLAND – Global flavours and colours specialist Givaudan has appointed Louie D’Amico as President of the Flavour Division and member of the Executive Committee. He succeeds Mauricio Graber who has left Givaudan to become Chief Executive Officer at Chr. Hansen, the Danish provider of dairy and food industry solutions. Louie D’Amico, a holder of BSc…

Givaudan opens new business solutions centre in Malaysia

MALAYSIA – Givaudan, a Swiss manufacturer of flavors, fragrances and active cosmetic ingredients, has announced the official opening of its new Givaudan Business Solutions (GBS) delivery centre in Kuala Lumpur, Malaysia. The GBS delivery centre in Kuala Lumpur's Petaling Jaya sector was officially inaugurated during a ceremony inspired by Malaysia's national flower the hibiscus, which…

Givaudan lays foundation for new production hub in China

CHINA – Givaudan has laid a foundation towards the construction of a new production hub worth US$102 million in Changzhou, Jiangsu Province of China, set to become operational in 2020. This is Givaudan’s largest investment, which is targeted towards the reiteration of the company’s commitment to continue investing in high growth markets such as China.…

Givaudan lays ground for fragrance production hub in China

CHINA – Global fragrance and flavours company Givaudan has laid the foundation stone for the construction of a new fragrances production hub worth US$102 million in Changzhou, Jiangsu Province of China, set to become operational in 2020. The Givaudan’s largest investment, which is targeted towards the reiteration of the company’s commitment to continue investing in…

Givaudan acquires Nutrition Division of Centroflora Group

BRAZIL - Givaudan, a global leader in flavours and fragrances, has announced it shall be acquiring the Centroflora Group Nutrition Division as part of its 2020 strategy to strengthen its global offering of natural extracts. According to Givaudan, the acquisition of the Centroflora Nutrition Group will  develop its presence in Brazil as it will offer…