January 17, 2017 / 6:43 AM / 2 years ago

BRIEF-Givaudan says acquires Activ International

Jan 17 (Reuters) - Givaudan SA said it has acquired Activ International to strengthen its capabilities in natural flavour solutions.

* Activ International offers a range of natural and organic flavours, marine extracts, seafood and vegetable based culinary solutions to customers.

* With headquarters in Bienne (Switzerland), Activ operates from locations in Somerset (New Jersey, USA), Melaka (Malaysia), Mitry-Mory (Paris, France) and Arequipa (Peru), employing globally 170 employees.

* Gilles Andrier, Chief Executive of Givaudan said: “This acquisition fits with our 2020 strategy to expand our offering to deliver natural products to our customers.

* Terms of the deal have not been disclosed, but Activ’s business would have represented approximately 40 million Swiss francs ($39.69 million) of incremental sales to Givaudan’s results in 2016 on a proforma basis.

* Givaudan plans to fund the transaction from existing resources. Source text for Eikon: Further company coverage: ($1 = 1.0077 Swiss francs) (Reporting By Zurich newsroom)

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