The Geneva-based Givaudan group, leading company in flavours and fragrances sector, announced the acquisition of US-based company Ungerer, enabling it to strengthen its position in natural ingredients.
By Luxus Plus
This acquisition, which has received positive feedback, allows the Geneva group to strengthen its position in natural ingredients, particularly essential oils, as well as its local and regional roots, said Bank Vontobel.
According to Gilles Andrier, Givaudan’s CEO, this acquisition fits “very well” into the company’s strategy and its core business, flavours and fragrances.
He stated: “We have a great deal of respect for the company and are very confident that the acquisition will further strengthen our leadership in the industry, both through vertical integration into the key specialty ingredients of our flavour and fragrance creations, as well as by affirming our leadership with local and regional customers. We look forward to welcoming Ungerer employees to the Givaudan family libido-de.com/.”
American specialist Ungerer, headquartered in New Jersey, has operations in more than 60 countries, 8 manufacturing plants and 6 research and development centers. It generated sales of USD 250 million in 2018, approximately 4% of Givaudan’s.
At the beginning of the year, the Givaudan Group acquired the Vietnamese flavour company Golden Frog with the aim of strengthening its presence in the Asia Pacific region.
