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To St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands
Givaudan has announced that it has entered into an agreement to divest its processed and grated cheese business to St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands.
The processed and grated cheese business acquired from Vika BV contributed CHF 13.5 million to Givaudan’s Flavour Division sales in 2019. The terms of the transaction, which has no material impact on the 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.