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Firmenich agrees to majority stake in VKL Seasoning


2019-05-03   

Firmenich has agreed to acquire a majority stake in VKL Seasoning Pvt. Ltd, a leader in seasonings and flavors in India, from True North, an Indian private equity company. With this venture Firmenich is broadening its capabilities and customer reach in India, a key growth market for the Group, while expanding its raw material palette for clean label ingredients. Founded in 1996, VKL Seasoning Pvt. Ltd is renowned for its strong understanding of taste and its leading reputation among Indian customers.

“India is a critical market for Firmenich and we are committed to investing in our business here both for short and long-term growth,” says Patrick Firmenich, Chairman of the Board, Firmenich. “VKL and Firmenich are extremely complementary to one another and together will offer one of the broadest and most innovative portfolios available to food and beverage companies in India,” he added.

“In a world of increasingly label-conscious consumers, VKL’s unique blends of spices, extracts and other natural ingredients will enrich our portfolio of authentic taste profiles to delight Indian consumers,” said Gilbert Ghostine, CEO Firmenich. “We are excited to partner with VKL, a leader in the savory and food service space, who bring a demonstrated track record of innovation with both local and international players.”

“With Firmenich’s excellence in the science of taste, my team and I are excited to build the next chapter of growth for VKL,” said Ajay Mariwala, founder of VKL Seasoning Pvt. Ltd. “By combining our strengths, we will be able to serve our customers with renewed focus across the food sector.”