Herbstreith & Fox acquired pectin business from Givaudan
Herbstreith & Fox (H&F Group), a leading family-owned producer of pectin based in Neuenbürg, Germany, today announced that it has acquired from Givaudan SA (Vernier, Switzerland) its pectin business, part of the Naturex portfolio.
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 build a strong network of facilities across Germany, Poland and Switzerland, while offering our customers the highest levels of service and reliability.”
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.”