Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels,  16.6.2022  
C(2022)  4280 final  
 PUBLIC VERSION 
Estavayer Lait SA  
C/O Migros -Genossenschafts -Bund  
Limmatstrasse 152  
8031 Zürich  
Switzerland  
 
Givaudan SA  
Chemin de la Parfumerie 5  
1214 Vernier  
Switzerland  
 Bühler AG  
Gupfenstrasse 5  
9240 Uzwil  
Switzerland  
Subject : Case M. 10653 – ESTAVAYER LAIT / GIVAUDAN / BÜHLER / JV 
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 19 May 2022, the European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger  Regulation by which the 
undertaking s Estavayer Lait SA (‘Estavayer Lait’, Switzerland), part of Migros 
Group, Givaudan SA (‘Givaudan’, Switzerland)  and Bühler AG (‘Bühler’, 
Switzerland) , intend to acquire within the meaning of Article s 3(1)(b) and 3(4)  of the 
Merger Regulation joint  control of a newly created joint venture company, Cultured 
Food Innovation Hub (Switzerland ).3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 218, 2.6.2022, p. 9. 

2 2. The concentration is accomplished by way of acquisition of  shares in the  newly 
created  joint venture company .  
3. The business activities of the undertakings concerned are:  
− Estavayer Lait is active in the production and packaging of dairy pr oducts, the 
production and ripening of cheeses, the production of cold sauces and the 
manufacturing of plant based dairy, cheese and meat alternative products,  
− Givaudan is a global manufacturer and supplier of fragrance and flavor products to the food, beverage and consumer goods industries. It also produces aroma chemicals that can be used as ingredients in the production of flavor or fragrance compounds, 
− Bühler  is a globally active technology company which provides technological 
solutions for plants, equipment and related services for processing foods and manufacturing advanced materials. Its core activities are in technologies for transforming grain into flour and animal feeds, producing pasta and chocolate, and manufacturing die cast components . 
4. Cultured Food Innovation Hub will provide facilities and knowledge to accelerate the R&D work of third companies which are interested in becoming active in the area of cultured meat, cultured fish and seafood, as well as precision fermentation. Cultured meat, fish or seafood is a meat, fish or seafood produced by in vitro cell cultures of animal cells.  
5. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5 (b) of the  Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.
4 
6. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission 
  (Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.