Givaudan completes acquisition of Vika B.V.
Flavours and fragrance specialist Givaudan has completed the acquisition of Vika B.V. The proposal was launched in July 2017 with the intention of strengthening Givaudan’s 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.
Gilles Andrier, CEO of Givaudan, says, “Today is an exciting day for Givaudan and Vika as we join together and embark on a journey to provide our combined customers with a broader set of natural dairy and savoury solutions.”
Mauricio Graber, president of Givaudan’s flavour division, comments, “This acquisition is aligned with our ambition to support all food and beverage companies in developing great tasting products that align with consumer demands for clean label, organic and natural ingredients.”
Terms of the deal have not yet been disclosed; Givaudan will allegedly fund the transaction from existing resources.