Oghma Partners advises Givaudan S.A. on the divestment
of its extraction site in Valencia, Spain
of its extraction site in Valencia, Spain
We have received the following news item from Oghma Partners LLP:
Oghma Partners is pleased to announce its role as exclusive corporate finance advisor to Givaudan S.A. (“Givaudan”) on the divestment of Naturex Iberian Partners (Givaudan's industrial site in Valencia, Spain), effective 31 May 2024.
The world-leading flavours and fragrances specialist, headquartered in Switzerland, will transfer its industrial site in Valencia to Groupe Berkem SA (“Groupe Berkem”), a leading French bio-based chemistry player.
Givaudan's site in Valencia (Spain) specialises in the extraction of plant and marine ingredients for players in the food, nutrition (nutraceuticals) and cosmetics markets. The agreement provides for the transfer of production tools and teams, with Givaudan retaining its know-how and its product and customer portfolio.
With this acquisition, Groupe Berkem significantly increases its production capacity in plant extraction for the "Health, Beauty and Nutrition" division. It should be noted that as part of the sale, the marine ingredients production activity carried out for Givaudan will continue in the form of a long-term partnership with Groupe Berkem.
This latest transaction marks a third successful non-core asset disposal undertaken by Oghma Partners on behalf of Givaudan S.A. and is their third cross-border ingredients transaction of the year. This deal continues to demonstrate Oghma Partners’ leading position as the most active M&A advisor in the food ingredients sub-sector in Europe. Alex Wild, Head Operations Taste & Wellbeing of Givaudan, added: "We are confident that the agreement reached today opens new horizons for the Valencia (Spain) industrial site and its teams. We are also delighted about the long-term partnership with Groupe Berkem that will enable continued production of our marine ingredients on the site to serve our customers for the years to come. Our teams will now work hand in hand to ensure a seamless transition, ensuring the continuity of our operations and the quality of our services." For further information please contact: Mark Lynch
Tel: +44 20 8049 2201
Click here to Visit Website: http://www.oghmapartners.com
Oghma Partners is pleased to announce its role as exclusive corporate finance advisor to Givaudan S.A. (“Givaudan”) on the divestment of Naturex Iberian Partners (Givaudan's industrial site in Valencia, Spain), effective 31 May 2024.
The world-leading flavours and fragrances specialist, headquartered in Switzerland, will transfer its industrial site in Valencia to Groupe Berkem SA (“Groupe Berkem”), a leading French bio-based chemistry player.
Givaudan's site in Valencia (Spain) specialises in the extraction of plant and marine ingredients for players in the food, nutrition (nutraceuticals) and cosmetics markets. The agreement provides for the transfer of production tools and teams, with Givaudan retaining its know-how and its product and customer portfolio.
With this acquisition, Groupe Berkem significantly increases its production capacity in plant extraction for the "Health, Beauty and Nutrition" division. It should be noted that as part of the sale, the marine ingredients production activity carried out for Givaudan will continue in the form of a long-term partnership with Groupe Berkem.
This latest transaction marks a third successful non-core asset disposal undertaken by Oghma Partners on behalf of Givaudan S.A. and is their third cross-border ingredients transaction of the year. This deal continues to demonstrate Oghma Partners’ leading position as the most active M&A advisor in the food ingredients sub-sector in Europe. Alex Wild, Head Operations Taste & Wellbeing of Givaudan, added: "We are confident that the agreement reached today opens new horizons for the Valencia (Spain) industrial site and its teams. We are also delighted about the long-term partnership with Groupe Berkem that will enable continued production of our marine ingredients on the site to serve our customers for the years to come. Our teams will now work hand in hand to ensure a seamless transition, ensuring the continuity of our operations and the quality of our services." For further information please contact: Mark Lynch
Tel: +44 20 8049 2201
Click here to Visit Website: http://www.oghmapartners.com
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