Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Oghma Partners has announced 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 flavours and fragrance specialist, headquartered in Switzerland, will transfer its industrial site in Valencia to Groupe Berkem SA (Groupe Berkem), a 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 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 has significantly increased its production capacity in plant extraction for the “Health, Beauty and Nutrition” division.
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.
The latest transaction marks a third successful non-core asset disposal undertaken by Oghma Partners on behalf of Givaudan S.A. and is its third cross-border ingredients transaction of the year.
The terms of the transaction, which has no material impact on the Taste and Wellbeing Division, will not be disclosed.
Alex Wild, head operations Taste and Wellbeing of Givaudan, said: “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.”
