Givaudan sells some activities to St. Paul

Swiss group Givaudan, the global leader in the flavours and fragrances sector, has entered into an agreement to divest part of its dairy business (processed, grated, analogue and air-dried cheese) to the St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands.

The sold activities (CHF 13.5 million in 2019) are part of the legacy of Vika BV, a Dutch company acquired by the Geneva-based multinational in 2017 whose food ingredient business will continue to be operated by Givaudan.

The sale will enable the Swiss giant to concentrate investments in its core business. Last year it completed two acquisitions: the American firm Ungerer & Company and the Vietnamese company Golden Frog.