Givaudan to strengthen dairy portfolio with acquisition of Vika B.V.
Givaudan, the global leader in flavours 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.
Gilles Andrier, CEO of Givaudan, says, “Expanding our offering in naturals is a key priority for Givaudan in the context of our 2020 strategy. Vika’s products, technologies and talent will strengthen our existing capabilities and our ability to develop new taste solutions. We are delighted to welcome Vika’s employees to our company and are confident that their industry expertise will accelerate Givaudan’s position with existing and new customers.”
Mauricio Graber, president of Givaudan’s flavour division, says, “Savoury 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. 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.”
The planned acquisition remains subject to formal approvals from the relevant antitrust authorities and is expected to close in the second half of 2017.
