Givaudan nabs Dutch extracts maker

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In Switzerland, flavors and fragrances major Givaudan has closed the previously announced acquisition of Vika B.V., a Dutch manufacturer of natural dairy ingredients and plant extracts.

The deal, first announced in July, expands Givaudan’s natural dairy and savory solutions and enhances its position as a leader in naturals, says Givaudan CEO Gilles Andrier.

Financial terms were not disclosed, although Asia Food Journal says Vika’s sales would have added €64 million (USD76 million) to Givaudan’s 2016 sales on a proforma basis. Givaudan is funding the deal from existing resources, the journal adds.