Givaudan to acquire majority stake in Eurofragance
Givaudan has reached an agreement to acquire a majority stake in the Spanish fragrance creation house Eurofragance. With this deal, the flavors and fragrances specialist is seeking to significantly expand its market position.
Givaudan from Vernier in the Swiss canton of Geneva has struck an agreement to acquire a majority shareholding in the Spanish fragrance manufacturer Eurofragance, which is headquartered in Barcelona. This acquisition comes as part of the company’s efforts to significantly expand its international market position, as detailed in a statement.
Eurofragance, a family-owned fragrance creation house that specializes in the design and production of exclusive perfumes, as well as fragrances for personal and home care products, boasts a strong market presence in Europe, the Middle East, Asia, Africa and Latin America. This acquisition represents a key step in Givaudan’s 2030 strategy, which aims to achieve sustainable business growth through increased presence in local markets.
“Eurofragance is a respected player with deep roots in fine fragrances and strong relationships in high growth markets”, as Maurizio Volpi, President of the Fragrance & Beauty division at Givaudan, explains in the statement. He adds: “By joining forces, we are perfectly aligned with our 2030 strategy for growth and our mission to continue shaping the future of fine fragrance creation”.
No details regarding the exact terms of the deal have been publicly disclosed. Based on the operating result of Eurofragance, it can be deduced that the company would have generated a sales increase of 185 million Swiss francs for Givaudan in 2025.
Source: swisstrade
https://swisstrade.com/news