Oghma Partners advises Givaudan S.A. on the divestment of its processed and grated cheese business
We have received the following news item from Oghma Partners:
Oghma Partners is pleased to announce its role as corporate finance advisor to Givaudan on the divestment of its Netherlands-based cheese operations, announced today. The world-leading flavours and fragrances specialist, headquartered in Switzerland, will transfer its processed and grated cheese business to St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands. This deal is the latest in Oghma’s portfolio of successful cross-border, continental European transactions and demonstrates the team’s expertise in working with large multinationals and smaller family-owned businesses across Europe, assisting clients with successful transactions even in the current challenging time.
“With the sale of our processed and grated cheese business we aim to strengthen the focus on our core business and continue to drive long-term shareholder value,” said Louie D’Amico, President Flavour Division, Givaudan. “We truly appreciate the contributions of our processed and grated cheese business employees and look forward to working with the St Paul team to ensure a successful handover.”
Dieter Kuijl, CEO of St. Paul Group, said: “We are delighted with this transaction as it represents an attractive opportunity to further build St Paul’s customer base in ready meals, snacks and processed food. In addition, St Paul will now also be able to offer a wider range of products and applications.”
The processed and grated cheese business was acquired as part of the acquisition of Vika BV in 2017. The terms of the transaction, which has no material impact on the Flavour Division, will not be disclosed. Givaudan will retain the majority of the legacy Vika BV business acquired in 2017 and continue to offer cheese powder solutions, vegetable and meat fonds and stocks as part of its natural dairy and savoury product portfolio. For further information please contact: Mark Lynch
Tel: +44 0208 049 2201
Click here to Visit Website: http://www.oghmapartners.com
Oghma Partners is pleased to announce its role as corporate finance advisor to Givaudan on the divestment of its Netherlands-based cheese operations, announced today. The world-leading flavours and fragrances specialist, headquartered in Switzerland, will transfer its processed and grated cheese business to St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands. This deal is the latest in Oghma’s portfolio of successful cross-border, continental European transactions and demonstrates the team’s expertise in working with large multinationals and smaller family-owned businesses across Europe, assisting clients with successful transactions even in the current challenging time.
“With the sale of our processed and grated cheese business we aim to strengthen the focus on our core business and continue to drive long-term shareholder value,” said Louie D’Amico, President Flavour Division, Givaudan. “We truly appreciate the contributions of our processed and grated cheese business employees and look forward to working with the St Paul team to ensure a successful handover.”
Dieter Kuijl, CEO of St. Paul Group, said: “We are delighted with this transaction as it represents an attractive opportunity to further build St Paul’s customer base in ready meals, snacks and processed food. In addition, St Paul will now also be able to offer a wider range of products and applications.”
The processed and grated cheese business was acquired as part of the acquisition of Vika BV in 2017. The terms of the transaction, which has no material impact on the Flavour Division, will not be disclosed. Givaudan will retain the majority of the legacy Vika BV business acquired in 2017 and continue to offer cheese powder solutions, vegetable and meat fonds and stocks as part of its natural dairy and savoury product portfolio. For further information please contact: Mark Lynch
Tel: +44 0208 049 2201
Click here to Visit Website: http://www.oghmapartners.com
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