09.22.17
Givaudan is acquiring 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 a wide variety of plant extracts from various regions of the world, with a particular focus on those from the great biodiversity of Brazil. With headquarters and a manufacturing facility in Botucatu, Brazil, Centroflora Nutra employs about 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," said Gilles Andrier, CEO of Givaudan. "It offers a unique opportunity to strengthen our naturals sourcing platform for Givaudan's flavours, fragrances and cosmetics businesses. Centroflora's comprehensive sustainability management programme 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."
According to Mauricio Graber, president of Givaudan's Flavour Division balancing consumer needs for natural products while preserving natural resources is a top priority for Givaudan.
"The combination of Centroflora's natural extracts portfolio and its sustainability leadership with our long heritage in naturals and sustainable sourcing will bring numerous benefits to our customers, employees and communities in Brazil and globally," he added.
While terms of the deal have not been disclosed, Centroflora Nutra's business would have represented approximately CHF 17 million ($17.5 million at current exchange rates) 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.
Centroflora's Nutrition Division (Centroflora Nutra) manufactures botanical extracts and dehydrated fruits for the food, beverage and consumer goods sectors. It offers a wide variety of plant extracts from various regions of the world, with a particular focus on those from the great biodiversity of Brazil. With headquarters and a manufacturing facility in Botucatu, Brazil, Centroflora Nutra employs about 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," said Gilles Andrier, CEO of Givaudan. "It offers a unique opportunity to strengthen our naturals sourcing platform for Givaudan's flavours, fragrances and cosmetics businesses. Centroflora's comprehensive sustainability management programme 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."
According to Mauricio Graber, president of Givaudan's Flavour Division balancing consumer needs for natural products while preserving natural resources is a top priority for Givaudan.
"The combination of Centroflora's natural extracts portfolio and its sustainability leadership with our long heritage in naturals and sustainable sourcing will bring numerous benefits to our customers, employees and communities in Brazil and globally," he added.
While terms of the deal have not been disclosed, Centroflora Nutra's business would have represented approximately CHF 17 million ($17.5 million at current exchange rates) 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.
