14 December 2018
F.l.t.r. Willem Mutsaerts, Louie D'Amico, Tom Hallam,
Gilles Andrier (CEO),
Maurizio Volpi, Simon Halle-Smith and Anne Tayac
DETAILS
As part of its 2020 strategy
to expand the capabilities of its fragrance business,
Givaudan today announces that it has entered
into exclusive negotiations to acquire
a French company specialised in natural ingredients
used in the fragrance and aromatherapy markets.
Albert Vieille has unique know-how
in the realm of aromatic plants and specialises in
100% pure essential oils and speciality natural ingredients.
The natural ingredients are used for
the formulation of perfumes and aromatherapy products.
With its origins dating back to 1920,
and with more than 50 employees,
Albert Vieille is based close to Grasse, in France,
and has a manufacturing facility in Spain,
with its products sold globally
through a network of distributors.
They source their raw materials across the world,
where fragrant crops are harvested
and have developed over many years
strong capabilities
in natural ingredients sourcing and processing.
While terms of the deal will not be disclosed,
Albert Vieille’s business would have represented
approximately EUR 30 million of incremental sales
to Givaudan’s results in 2017 on a proforma basis.
Givaudan plans to fund the transaction
from existing resources.
The transaction is expected to close
in the first quarter of 2019.
Gilles Andrier,
CEO of Givaudan
“Acquiring Albert Vieille will fit nicely
with our 2020 strategy to enrich
Givaudan’s palette
with novel in-house natural ingredients
that our perfumers will use to offer best quality
and creative solutions to our customers.
This acquisition will also allow us
to enter the market of essential oils
for aromatherapy, which will contribute
to our 2020 strategy for ‘health and well-being’.
It is another step in reinforcing our presence
in Grasse, where the perfumery know-how
has recently been awarded
World Heritage Status by UNESCO.”
Maurizio Volpi,
President of Givaudan’s Fragrance Division
“Albert Vieille will bring to Givaudan the expertise
to further develop and vertically integrate
our natural capabilities.
We will combine our existing know-how
with those of Albert Vieille to meet the needs
of our customers who are facing
an increasing demand from consumers for
more natural and sustainable fragranced products.”
For further information please contact:
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093
E peter_b.wullschleger@givaudan.com
Marie Laure André, Givaudan Fragrances
T +33 1 3998 4477
E marie-laure.andre@givaudan.com
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F.l.t.r. Prof. Dr-Ing. Werner Bauer, Michael Carlos, Ingrid Deltenre, Calvin Grieder (Chairman), Thomas Rufer, Lilian Biner and Victor Balli
