Synergy Flavors acquires Innova Flavors
Synergy said the purchase expands its savory capabilities in alignment with new product development in meat alternatives, sauces, side dishes, and snacks. It also adds process flavors to Synergy’s portfolio of extracts, essences, and compounded flavors.
“This acquisition offers significant benefits to Synergy customers by providing them access to a proven range of flavors to meet the growing demand for natural flavorings and savory ingredients,” Rod Sowders, president and CEO of Synergy Flavors, said.
“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 flavor expertise and global reach of the Synergy organization.”
Jason Hawkins, CEO of Carbery Group, said, “We know acquiring Innova Flavors will make sense for our US flavor 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 maximize what we can deliver for our shareholders.”
Synergy Flavors, Inc., a supplier of flavors, extracts and essences is a member of the Irish-based Carbery Group, an international food ingredients and cheese company. Synergy creates flavors and taste solutions in a range of natural, artificial, and organic designations for food and beverage manufacturers worldwide. In addition to multiple locations in the US, Synergy has production, R&D and technical facilities in Ireland, the UK, Italy, Thailand, Indonesia, and Brazil.
