Givaudan acquires Spicetec Flavors & Seasonings from ConAgra Foods

FLAVORS and fragrances creator Givaudan has acquired Spicetec Flavors & Seasonings from ConAgra Foods. The company which first announced the deal in 23 May 2016, made the purchase for USD 340 million. As the planned transaction is structured as an asset deal, the amounts paid include tax benefits which are typical with this type of transaction.  

Spicetec offers a range of flavors, spices and savory seasoning solutions to customers in North America and operates from locations in Omaha, Nebraska, Carol Stream, Illinois and Cranbury, New Jersey.   Its product portfolio will help Givaudan expand their savoury solutions, according to Gilles Andrier, CEO of Givaudan.

Mauricio Graber, President of Givaudan’s Flavor Division added, “We are very excited to welcome Spicetec employees to the Givaudan family and to begin our work together. We are committed to providing continuity and superior service to existing Spicetec customers, now being supported by Givaudan. In the very near future we will be able to bring a broader offering in the savoury area to all of our customers, both in North America, and other regions as well.“  

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