FIRMENICH ACQUIRES CAMPUS TO EXPAND ITS NATURAL & CLEAN LABEL CAPABILITIES FOR PROTEIN SOLUTIONS
Geneva, Switzerland, August 7th, 2018 – Firmenich acquires Campus, an innovator in the application of natural functional ingredients for protein applications, specializing in clean label, meat, dairy, sauces and plant-based food. This acquisition broadens Firmenich’s capabilities in naturals and protein solutions, cutting across animal and vegan food products.
Campus was founded in 2005 in Parma, at the heart of Italy’s “Food Valley,” by Giampaolo Cagnin with a focus on meat. Over the years, the Company has developed deep expertise and applications knowledge in using natural products, such as fibers, to create customized functional solutions for a broad range of protein applications. Campus operates research and production facilities in Italy, and is expanding its footprint globally with a state-of-the-art production plant in Monterrey, Mexico due to start production later this year.
“I am delighted to be welcoming Campus into the Firmenich family, as we share common values, a commitment to world-class research and to leading innovation in natural solutions,” said Patrick Firmenich, Chairman of the Board, Firmenich. “Campus is a company that has been built on innovation and has made its mark in protein solutions,” said Gilbert Ghostine, CEO, Firmenich. “We look forward to working together to expand its reach globally and leverage its capabilities into new categories such as dairy and plant-based solutions to make our customers win today and tomorrow.”
Campus will retain its brand identity and will operate as a functional solutions-focused segment within Flavors.
Firmenich is acquiring Campus from White Bridge Investments and Giampaolo Cagnin. Financial details of the transaction are not being disclosed. The transaction is expected to close by the end of this week.
Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 3.34 billion Swiss Francs at end June 2017.