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OC Flavors has acquired Novotaste, a Canadian provider of natural and organic flavor solutions.
OC Flavors (Orange County, CA), a manufacturer of liquid and powdered flavors for the beverage, dairy, plant-based, nutraceutical, confection, and bakery industries, has acquired Novotaste, a Canadian provider of natural and organic flavor solutions.
"We are thrilled to welcome Novotaste as the second acquired company within our flavor platform, and we view the Novotaste team as an integral piece of our platform strategy moving forward," said Jim Miller, CEO of OC Flavors, in a press release. "This acquisition also adds a state-of-the-art customer-facing facility with a test kitchen and sensory lab, providing our combined base of blue-chip customer partners with even more resources to create great-tasting products."
"We are delighted to join forces with the OC Flavors team to better serve our customers and become the platform’s launching pad for future growth in Canada and the Northeastern U.S.,” added Novotaste's President, Robert Barakett. “Novotaste's flavor solutions are the perfect complement to OC Flavors' existing offerings, and we are looking forward to this exciting next step in our journey."
OC Flavors is backed by the Chicago-based private equity firm Shore Capital Partners, which entered into a growth partnership with the company in 2022.