Givaudan is buying the Nutrition Division of Centroflora Group, as part of its 2020 strategy to strengthen its global offering of natural extracts and further develop its presence in Brazil.
Centroflora’s Nutrition Division (Centroflora Nutra) manufactures botanical extracts and dehydrated fruits for the food, beverage and consumer goods sectors.
It offers plant extracts from various regions of the world, especially Brazil.
It has headquarters and a manufacturing facility in Botucatu, Brazil, employing 116 people and exports products globally.
“The acquisition of Centroflora’s Nutrition Division fits well with our 2020 strategy to expand our offering in naturals and is aligned with our sustainability goals,” Says Givaudan CEO Gilles Andrier.
“It offers a unique opportunity to strengthen our naturals sourcing platform for Givaudan’s flavors, fragrances and cosmetics businesses.”
“Centroflora’s comprehensive sustainability management program will reinforce our company’s contribution to preserving the environment, stimulating the well-being of communities from which we source, and safeguarding resources for the long term.”
While terms of the deal have not been disclosed, Centroflora Nutra’s business would have represented approximately CHF 17 million (US$17.5 million) of incremental sales to Givaudan’s results in 2017 on a proforma basis.
Givaudan plans to fund the transaction from existing resources and is expected to close early 2018.
