Banning advised St. Paul in the acquisition of processed and grated cheese business from Givaudan

15 May 2020

Banning has recently supervised and assisted St. Paul in the acquisition of the Netherlands-based processed and grated cheese business from Givaudan, a Swiss flavors and fragrances company. This transaction is closed on 12 may 2020

This transaction represents a successful extension of St Paul’s customer base in ready meals, snacks and processed food. In addition St Paul will now also be able to offer a wider range of product formats in grated cheese and air dried cheese.

St Paul Group is a mid sized family company and the organization is a leading supplier of cheese solutions for the food industry, has a strong position in Europe and with considerable and growing sales volumes in the rest of the world. The combination of St Paul and Givaudan’s former activities will create a leading European player in cheese solutions offering a wide range of cheese based product formats for global customers in processed food.

This transaction has been supervised on behalf of Banning by Gaby Heere (Partner) and Lukas Suijkbuijk (Associate).