A leading player in plant-based chemistry, Groupe Berkem has announced the signature of a definitive agreement with Givaudan, a world specialist in the creation of flavors and fragrances, concerning the acquisition of Naturex Iberian Partners, Givaudan's industrial site in Valencia, Spain.
"We are delighted to welcome the teams from our Valencia (Spain) site to our Group, and to benefit from their proven expertise in plant extraction, reinforcing the value proposition of our "Health, Beauty and Nutrition" business unit. This new, structuring acquisition will enable us to pursue the internationalization drive begun last year with our move into North America. The site we are acquiring, on which we plan to make substantial investments, should enable us to strengthen our industrial facilities dedicated to plant extraction and significantly increase our production capacity to meet the growing demand from manufacturers for sustainable solutions", said Olivier Fahy, Chairman and CEO of Groupe Berkem.
"We are convinced that today's agreement opens up new prospects for the Valencia (Spain) industrial site and its teams. We are also delighted with the long-term partnership with the Berkem Group, which will enable us to continue producing marine ingredients at the site to serve our customers for years to come. Our teams will now work hand in hand to ensure a smooth transition, guaranteeing continuity of operations and quality of service", added Alex Wild, Head Operations Taste & Wellbeing at Givaudan.
The acquisition of Naturex Iberian Partners is expected to be effective on May 31, 2024. The agreement provides for the transfer of production tools and teams, with Givaudan retaining its know-how and its product and customer portfolios.
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