Givaudan has agreed to divest its processed and grated cheese business to St. Paul Group, a cheese specialist with locations in Belgium and the Netherlands.

“With the sale of our processed and grated cheese business, we aim to strengthen the focus on our core business and continue to drive long-term shareholder value,” said Louie D’Amico, president, Flavor Division, Givaudan. “We truly appreciate the contributions of our processed and grated cheese business employees and look forward to working with the St. Paul team to ensure a successful handover.”

The processed and grated cheese business acquired from Vika BV contributed CHF 13.5 million (approximately $14 million) to Givaudan’s Flavor Division sales in 2019. The terms of the transaction, which has no material impact on the division, will not be disclosed.

Givaudan will retain the majority of the legacy Vika BV business acquired in 2017 and continue to offer cheese powder solutions, vegetable and meat fonds, and stocks as part of its natural dairy and savory product portfolio.

IFT Weekly Newsletter

Rich in industry news and highlights, the Weekly Newsletter delivers the goods in to your inbox every Wednesday.

Subscribe for free