Givaudan to Acquire Vietnamese Flavor Company Golden Frog

28th May 2019

Givaudan to Acquire Vietnamese Flavor Company Golden Frog

As part of an ongoing strategy to expand its product portfolio and invest in high-growth markets, Swiss flavors and fragrances company Givaudan agreed to acquire Golden Frog, a Vietnamese flavor company. Financial terms of the deal were not disclosed.

Golden Frog manufactures natural flavors, extracts and essential oils for the food and beverage industry for the ASEAN markets. With headquarters and manufacturing facilities in the Ho Chi Minh area, Golden Frog employs 156 people.

Louie D’Amico, president of Givaudan’s flavor division said: “Strengthening and expanding our offering in naturals continues to be a key priority for Givaudan. The addition of Golden Frog’s product portfolio, talent and know-how will further enable Givaudan to provide global, regional and local customers with complete and competitive natural solutions.”

“With a growing population of over 97 million people, Vietnam is a market with tremendous growth potential for Givaudan in the Asia Pacific region,” added Monila Kothari, the group’s regional commercial head, APAC.

Givaudan plans to fund the transaction from existing resources and expects the transaction to close in the second half of 2019.

Photo: © Givaudan
“Strengthening and expanding our offering in naturals continues to be a key priority for Givaudan. The addition of Golden Frog’s product portfolio, talent and know-how will further enable Givaudan to provide global, regional and local customers with complete and competitive natural solutions,” said Louie D’Amico, president of Givaudan’s flavor division.

For more information visit www.chemanager-online.com/en

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