Givaudan has announced that it has divested its pectin business, part of the Naturex portfolio, to Herbstreith & Fox (H&F Group), a leading family-owned producer of pectin based in Neuenbürg, Germany.
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Louie D’Amico, president of Givaudan taste and wellbeing, commented: “We have taken the decision to divest our pectin business in order to strengthen the focus on our core business. We are delighted to have concluded this agreement with Herbstreith & Fox given their strong presence in the pectin category and their long-term commitment to developing the business further.”
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Sven Fox, executive director of H&F Group, said: “Acquiring Givaudan’s pectin business will enable us to further expand in our core markets across Europe, North Africa and the Middle East, while gaining a stronger foothold in Poland. We look forward to offering our customers a strong network of manufacturing facilities across Germany, Poland and Switzerland, while ensuring the highest levels of service and reliability.”
The pectin business, acquired from Naturex, contributed CHF 23.2 million to Givaudan’s flavor division sales in 2019. The terms of the transaction will not be disclosed.