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Europe: Givaudan completes acquisition of Vika

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Givaudan has completed the acquisition of food ingredients company Vika B.V.

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.

Givaudan announced its intent to acquire Vika in July 2017.

While terms of the deal have not been disclosed, Vika’s business would have represented approximately €64 million (US$76.14 million) of incremental sales to Givaudan’s results in 2016 on a proforma basis.

Givaudan plans to fund the transaction from existing resources.