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Givaudan completes acquisition of Golden Frog


2019-09-09

Givaudan, has announced it has completed the acquisition of Golden Frog, a Vietnamese flavour company. Givaudan had previously announced that it had reached an agreement to acquire the company in May 2019. Golden Frog manufactures natural flavours, extracts and essential oils for the food and beverage industry. It offers a wide range of natural ingredients including herbs, spices, fruit and vegetable extracts and essential oils from the great biodiversity of Vietnam. With headquarters and manufacturing facilities in the Ho Chi Minh area, Golden Frog employs 156 people and caters to the needs of the ASEAN markets. Louie D’Amico, President of Givaudan’s Flavour Division 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.” Monila Kothari, Regional Commercial Head, APAC 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.” While terms of the deal have not been disclosed, Golden Frog’s business would have represented approximately CHF 10 million of incremental sales to Givaudan’s results in 2018 on a proforma basis. Givaudan funded the transaction from existing resources, the company says.