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Synergy Flavors Inc. acquired Innova Flavors from Griffith Foods Worldwide, expanding its savory capabilities to meet the demands of new product development happening in meat alternatives, sauces, side dishes, and snacks.
Synergy Flavors Inc. (Wauconda, IL) acquired Innova Flavors from Griffith Foods Worldwide, expanding its savory capabilities to meet the demands of new product development happening in meat alternatives, sauces, side dishes, and snacks. Additionally, it also expanded its portfolio of extracts, essences, and compounded flavors with the addition of process 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. In addition, these products complement Synergy’s current offerings for rapidly growing plant based alternative food & beverages globally,” said Rod Sowders, president and CEO of Synergy Flavors, in a press release. “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.”
“We know acquiring Innova Flavors will make sense for our U.S. 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,” added Jason Hawkins, CEO of Carbery Group, Synergy’s parent company, in a press release. “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.”