Givaudan strengthens natural dairy solutions with Vika purchase
Givaudan, manufacturer of flavors and fragrances, has announced that it is acquiring Vika B.V. to strengthen its portfolio of natural dairy solutions.
Givaudan, manufacturer of flavors and fragrances, has announced that it is acquiring Vika B.V. to strengthen its portfolio of natural dairy solutions. Vika B.V. 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. With headquarters in the Netherlands, Vika has also facilities in Belgium, the United Kingdom, and New Zealand, employing globally more than 200 employees.
“Savory and dairy are two categories where consumers feel all-natural ingredients are important and it is our aim to keep strengthening our offering in these sectors,” said Mauricio Graber, president of Givaudan’s flavor division. “We look forward to leveraging Vika’s expertise which will complement our own heritage and knowledge in extraction, fermentation, and concentration of natural ingredients, opening up new market opportunities for both companies.”
While terms of the deal have not been disclosed, Vika’s business would have represented approximately €64 million of incremental sales to Givaudan’s results in 2016 on a proforma basis. The transaction is expected to close in the second half of 2017.