Glanbia Nutritionals to acquire flavour manufacturer Foodarom

Glanbia Nutritionals has finalised an agreement to acquire Canadian custom flavour manufacturer Foodarom for C$60m ($45m).

Established in 2006 by Pierre Miclette (CEO) and John Murphy (COO), Foodarom manufactures flavours for food, beverage and nutritional product industries.

With more than 15,000 recipes, the Montreal headquartered company manufactures both liquid and powder products for various applications.

In addition to Quebec, the company operates two manufacturing facilities in Salt Lake City and Bremen, Germany.

It also operates culinary laboratories in San Diego and Milan, Italy.

Foodarom CEO Pierre Miclette said: “Foodarom is beginning this new adventure filled with anticipation and surrounded by our employees, who are what makes this company great.

“This new chapter in our story is an important springboard that will help boost Foodarom’s visibility.”

With this acquisition, Glanbia Nutritionals intends to enhance its flavours and nutritional solutions capabilities.

The company anticipates that the knowledge and experience of the combined research and development teams would boost its position in flavours segment.

Glanbia Nutritionals CEO Brian Phelan said: “We recently shared our ambition to scale the flavours area of our business and are we are very pleased to announce this acquisition of Foodarom.

“We are excited to welcome their 130–strong team to Glanbia with their exceptional reputation and commitment to flavour excellence. I am delighted with the significant additional capabilities we will be able to offer the customers of both organisations by joining our great teams together.”

Last February, Glanbia Nutritionals acquired Watson, a US-based non-dairy ingredient solution business, for $89m.

Headquartered in Connecticut, Watson produces bakery ingredients, edible film and material conditioning solutions for the nutrition, food and beverage, personal care and supplement industries.