Givaudan to Acquire Vika B.V.

Givaudan has announced that it is acquiring Vika B.V., a move strengthening its portfolio of natural dairy solutions.

Vika B.V. offers a range of natural dairy ingredients, as well as meat and plant based extracts to customers in the food and beverage industry. Dairy ingredients are produced for savory applications like biscuits, crisps, sauces, pizza and pasta and convenience food.

With headquarters in the Netherlands, Vika has also facilities in Belgium, the UK, and New Zealand, employing globally over 200 employees. 

Gilles Andrier, CEO of Givaudan said: “Expanding our offering in naturals is a key priority for Givaudan in the context of our 2020 strategy. Vika’s products, technologies and talent will strengthen our existing capabilities and our ability to develop new taste solutions.”

While terms of the deal have not been disclosed, Vika’s business would have represented approximately EUR64m of incremental sales to Givaudan’s results in 2016 on a proforma basis.