Oghma Partners advises Givaudan S.A. on the divestment

of its pectin business to Herbstreith & Fox
We have received the following news item from Oghma Partners LLP:

Oghma Partners is pleased to announce its role as corporate finance advisor to Givaudan S.A. on the divestment of its pectin business. The world-leading flavours and fragrances specialist, headquartered in Switzerland, will transfer its pectin business to Herbstreith & Fox, the German family-owned pectin producer.

This latest transaction marks a second successful non-core asset disposal undertaken by Oghma Partners on behalf of Givaudan S.A. in 2020. This deal is also the latest in Oghma’s portfolio of successful cross-border, continental European transactions and demonstrates the team’s expertise in working with large multinationals and smaller family-owned businesses across Europe, assisting clients with successful transactions even in the current challenging time.

Louie D’Amico, President of Givaudan Taste & 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 H&F given their strong presence in the pectin category and their long-term commitment to developing the business further.”

The pectin business was acquired by Givaudan as part of the acquisition of Naturex S.A. in 2018. The terms of the transaction, which has no material impact on the Taste and Wellbeing Division, will not be disclosed.
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