Givaudan, a leading player in flavours and fragrances market, made it clear to acquire Nutrition Division of Centroflora Group, as part of its 2020 policy to reinforce its worldwide contribution of natural extracts and further advance its presence in Brazil.
Centroflora’s Nutrition Division (Centroflora Nutra) produces botanical extracts and dehydrated fruits for the food, beverage and consumer goods sectors. It provides a numerous range of plant extracts from several regions of the world, with a specific focus on those from the great biodiversity of Brazil. Headquartered in Botucatu, Brazil, Centroflora Nutra employs has about 116 people working together and exports products globally.
Although the terms of the deal were kept unclosed, it is estimated that Centroflora Nutra’s business contributed around USD 17 million of additional sales to Givaudan’s business in 2017 on a proforma basis. The transaction for acquiring Centroflora Nutra was funded by Givaudan’s existing resources.
Name- Gilles Andrier
Designation- CEO, Givaudan
"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. 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."