M&A Deal Summary

Givaudan Acquires Spicetec Flavors & Seasonings

On May 23, 2016, Givaudan acquired food company Spicetec Flavors & Seasonings from Conagra Brands for 340M USD

Acquisition Highlights
  • This is Givaudan’s 1st transaction in the Food sector.
  • This is Givaudan’s 2nd largest (disclosed) transaction.
  • This is Givaudan’s 1st transaction in the United States.
  • This is Givaudan’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2016-05-23
Target Spicetec Flavors & Seasonings
Sector Food
Buyer(s) Givaudan
Sellers(s) Conagra Brands
Deal Type Divestiture
Deal Value 340M USD

Target

Spicetec Flavors & Seasonings

Omaha, Nebraska, United States
Spicetec Flavors & Seasonings is a provider of flavours, spices and savoury seasoning solutions.

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Buyer(S) 1

Buyer

Givaudan

Vernier, Switzerland
Category Company
Founded 1796
Sector Chemicals
Employees16,260
Revenue 6.9B USD (2023)
DESCRIPTION

Givaudan is a provider of fragrances and flavors. Givaudan was founded in 1796 and is based in Vernier, Switzerland.

DEAL STATS #
Overall 4 of 22
Sector (Food) 1 of 5
Type (Divestiture) 2 of 5
State (Nebraska) 1 of 1
Country (United States) 1 of 6
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 Induchem Holding AG

Volketswil, Switzerland

Induchem Holding AG is a developer and manufacturer of ingredients for cosmetic applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Activ International

Somerset, New Jersey, United States

Activ International, Inc. is a provider of natural and organic flavours, marine extracts, seafood and vegetable based culinary solutions to customers.

Buy -

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States
Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 15 of 18
Sector (Food) 12 of 14
Type (Divestiture) 15 of 18
State (Nebraska) 6 of 7
Country (United States) 15 of 18
Year (2016) 2 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 ConAgra Foods - Private Label Operations

United States

ConAgra Foods - Private Label Operations is a packaged food company.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Jm Swank

North Liberty, Iowa, United States

Jm Swank is a food ingredient sourcing and distribution company. JM Swank has been expanding its distribution model to provide an integrated supply chain from order to delivery. The company transport 800 million pounds of product annually and provide expertise in sourcing, distribution and logistics to customers nationwide. Jm Swank is based in North Liberty, lowa.

Sell -
Mergr

Product

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