St. Paul Group completed the acquisition of Givaudan's processed and grated cheese business.

St. Paul Group, a producer of a wide variety of cheeses and provider of ingredient consulting, completed the acquisition of Givaudan's processed and grated cheese business, a manufacturer and distributor of fragrances and flavors from natural and synthetic ingredients. Financial terms were not disclosed. “With the sale of our processed and grated cheese business we aim to strengthen the focus on our core business and continue to drive long-term shareholder value. We truly appreciate the contributions of our processed and grated cheese business employees and look forward to working with the St. Paul team to ensure a successful handover," Louie D’Amico, Givaudan President Flavour Division.