8 December 2021
Acquisition Complete: DDW joins Givaudan
Establishes global leadership position in natural colors
DDW, The Color House is pleased to announce that the acquisition by Givaudan has completed today. This acquisition enables Givaudan to become a global player in natural colors in accordance with its 2025 strategy to expand the portfolio of its global Taste & Wellbeing business
Headquartered in Switzerland, Givaudan is a leading global company in taste and wellbeing, and fragrance and beauty. With a heritage that extends over 250 years, the company has a long history of innovating scents and tastes. DDW will add a wide range of natural colors to Givaudan’s already vast ingredient portfolio.
“We are thrilled to begin this new chapter as a part of Givaudan” said DDW’s CEO and President Elaine Gravatte. “Our associates and our customers will quickly experience the benefits as we combine our strengths and capabilities. We look forward to exploring many new opportunities for growth and success in the natural color market.
“Today is an exciting day as we welcome DDW associates to the Givaudan family,” said Louie D’Amico, President of Taste & Wellbeing at Givaudan. “The acquisition of DDW further strengthens our leadership position in the color business globally. We are confident that our complementary portfolio and capabilities will deliver a compelling valuable proposition to our customers across segments and in key markets, enabling us to co-create multi-sensorial food experiences consumers love”.
The terms of the deal have not been disclosed and Givaudan plans to debt fund the transaction. DDW’s business would have represented approximately USD140 million of incremental sales to Givaudan’s results in 2020 on a proforma basis.
About DDW: Mother Nature supplies the raw materials, DDW adds more than 155 years of color expertise. It is a brilliant partnership that offers a complete range of natural color solutions for the food and beverage industry. DDW is a global, privately held company with 11 locations on 5 continents, committed to making a positive difference in our communities and working toward a sustainable future. Learn more at ddwcolor.com
About Givaudan: Givaudan is a global leading company in taste and wellbeing, and fragrance and beauty. With its heritage stretching back over 250 years, the Company has a long history of innovating scents and tastes. From a favourite drink to your daily meal, from prestige perfumes to cosmetics and laundry care, its creations inspire emotions and delight millions of consumers the world over. The Company is committed to driving purpose-led, long-term growth while leading the way to improve happiness and health for people and nature. In the fiscal year 2020, the Company employed almost 16,000 people worldwide and achieved sales of CHF 6.3 billion and a free cash flow of 12.8% of sales. Let’s imagine together on www.givaudan.com.