AXA PE-backed DIANA acquires US bolt-on

It has bought the Oregon-headquartered business for an undisclosed sum and stated that the acquisition will enable it to extend its range of natural flavourings, set up North American operations and strengthen its formulation expertise.

Company
Pacific Pure Aid is based in Silverton, Oregon, and was set up as a joint venture by Givaudan and Myron Root & Company. It manufactures natural vegetable extracts and concentrates for various applications in the agri-food industry including soups, ready meals and snacks.

Pacific Pure Aid employs 30 permanent staff and generated a turnover of $10m in 2011.

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