Synergy Flavors Acquires Innova Flavors from Griffith Foods

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This acquisition expands Synergy Flavors' new product development in meat alternatives, sauces, side dishes and sandwiches.

Synergy Flavors Inc., has announced the acquisition of the leading supplier of savory flavors and ingredients, Innova Flavors, from Griffith Foods.

This acquisition expands the Synergy Flavors' alignment with new product development that is occurring in meat alternatives, sauces, side dishes and sandwiches. It also adds process flavors to Synergy's portfolio of extracts, essences, and compound flavors, helping its customers differentiate their products in highly competitive food and beverage markets.

Rod Sowders, Synergy Flavors president and CEO, stated,“This acquisition offers significant benefits to Synergy customers by giving them access to a proven range of flavors to meet the growing demand for natural flavorings and savory ingredients. Additionally, these products complement Synergy's current offerings for rapidly growing plant-based alternative food and beverages globally. Synergy's global presence and history of acquisitions investments will allow Innova customers to benefit from the deep flavor expertise and global reach of the Synergy organization."

Jason Hawkins, CEO of Carbery Group, commented, “We know that acquiring Innova Flavors will make sense for our flavors customers in the US, will enhance our global business in Asia and Central and South America, and will provide opportunities on our platforms of dairy products, taste and nutrition. This agreement is a strategic opportunity to grow our business, strengthen our offerings for our clients and maximize what we can offer to our shareholders."

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