Givaudan acquires flavours manufacturer Golden Frog

Swiss flavours and fragrances firm Givaudan has completed its previously announced acquisition of Vietnamese flavour company Golden Frog.

Financial details of the acquisition have not been disclosed.

Givaudan noted that the acquisition is part of its 2020 strategy to further bolster its naturals capabilities.

Givaudan flavour division president Louie D’Amico said: “Today is an exciting day and we are delighted to welcome Golden Frog employees to the Givaudan family and provide our joint customers with an expanded offering of natural solutions.

“This acquisition supports us in further growing our leadership in the naturals space while strengthening our global and regional presence.”

Golden Frog develops natural flavours, extracts and essential oils for the food and beverage industry.

The company caters to the requirements of the ASEAN markets. Its product portfolio includes a wide range of natural ingredients such as herbs, spices, fruit and vegetable extracts and essential oils.

Givaudan initially signed an agreement to acquire Golden Frog in May.

Givaudan APAC regional commercial head Monila Kothari said: “Acquiring Golden Frog is aligned with our 2020 strategy to strengthen our Naturals capabilities and presence in the high growth markets of Asia Pacific.

“With our combined talents, creation and production expertise, we will be able to provide an even greater product offering to help our customers win in the market and delight their consumers.”

The company said that the acquisition of Golden Frog’s business would have represented nearly Sfr10m ($10.08m) of incremental sales to its 2018 results on a pro-forma basis.