Carbery’s Synergy Flavors has announced the acquisition of US-based savoury flavour and ingredient supplier, Innova Flavors, from Griffith Foods Worldwide.
Based in Illinois, Innova Flavors specialises in creating customised meat and savoury flavours for a variety of applications.
The deal – which was made for an undisclosed sum – will see Synergy Flavours expand its savoury capabilities to support further product development in meat alternatives, sauces, side dishes and snacks. Last year, Synergy launched a Paired to Perfection flavour range for plant-protein bases.
“This acquisition offers significant benefits to Synergy customers by providing them access to a proven range of flavours to meet the growing demand for natural flavourings and savoury ingredients,” said Rod Sowders, president and CEO of Synergy Flavors.
“In addition, these products complement Synergy’s current offerings for rapidly growing plant based alternative food and beverages globally. Synergy’s global footprint and history of investment in acquisitions will allow Innova customers to benefit from the deep flavour expertise and global reach of the Synergy organisation.”
Synergy was built by cheese producer Carberry through a series of acquisitions in the UK, the USA, Europe, South America and Asia.
Jason Hawkins, CEO of Carbery Group, added: “We know acquiring Innova Flavors will make sense for our US flavour customers, will enhance our global business in Asia and Central and South America, and bring opportunities right across our platforms of dairy, taste and nutrition. This deal is a strategic opportunity to grow our business, to strengthen our offerings for our customers and maximise what we can deliver for our shareholders.”
© FoodBev Media Ltd 2020
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