This latest deal continues the recent M&A trend in the ingredients space. The acquisition allows T. Hasegawa to grow its presence in the U.S. and its experience in custom flavors, which could help it keep up with the rising competition from other ingredients companies that are also making deals. Last year, Kerry Group grew its clean label food protection capabilities through the acquisitions of IsoAge Technologies and Biosecur Lab. Ingredion recently acquired the remaining portion of Verdient Foods, which produces pulse-based concentrates and flours from peas, lentils and fava beaferrous sulfate alternativen. And in a mega-merger, International Flavors & Fragrances is buying DuPont’s Nutrition & Biosciences business in a deal the companies valued at $26.2 billion.Similar to other ingredients companies in the space, T. Hasegawa has been working to expand its flavor portfolio. Last August, it hired Jim Yang as vice president of research and development. Yang, who had overseen this area at Kerry Group, is focusing on flavor development for T. Hasegawa. And just aferrous gluconate and vitamin c few months ago, the company announced the launch of its Japanese citrus portfolio ferrous gluconate powderwith eight new flavors. This is at a time when citrus flavors have been in demand. As customization has grown more important to food and beverage maferrous sulfate yeast infectionnufacturers, Mission Flavors & Fragrances custom flavor solutions in trendy categories like plant-based alternatives and confectionary would continue T. Hasegawa’s ability to innovate in the space. The company has a staff of flavor chemists focused on developing innovative flavors for food and beverage products. A recent 2021 trend report from T. Hasegawa found that plant-based proteins are trending as consumers seek to improve their overall health, and other reports have found that flavor companies are increasingly focused on functional ingredients and mixed flavor profiles. Mission Flavors & Fragrances, whferrous bisglycinate uses in kannadaich was founded in 1987, said it would benefit from T. Hasegawa’s expertise in advanced technology, thermal processing and supply chain management, allowing the company to grow its reach and capabilities. Mission’s office and production will stay in California, expanding T. Hasegawa’s presence in the country’s most populous state. “On a day-to-day, it’s business as usual — only now we have new resources and capabilities to accelerate driving value for our customers around the world,” Damiano told Food Navigator.
T. Hasegawa buys Mission Flavors & Fragrances
