Givaudan keeps growing its portfolio and buys British competitor
The flavors and fragrance creator, has purchased Fragrance Oils, located in Radcliff, with a team of 250 employees and presence in more than 90 countries.
Givaudan keeps growing its portfolio. The Swiss company of flavors and fragrances, the biggest in the world by revenue, had acquired its competitor, the British Fragrance Oils.
Founded in 1967, the British company is located in Radcliff, and counts with a team of 250 employees and presence in more than 90 countries. The income of the company arrives at approximately 50 million pounds (60.6 million dollars).
The Swiss giant, supplier of the main cosmetics and perfume groups, has closed several acquisitions in the last couple of months. Some weeks ago, it signed the purchase of the German Drom.
In 2019, the company also acquired the Vietnamese Golden Frog and the also German AMSilk. In 2018, Givaudan took control of the French Naturex and bought Expressions Parfumées.
The company closed the first half of its fiscal year with a net benefit of 2.3%, up to 343 million euros (380.3 million dollars) and registered a revenue of 2.7 billion euros (3 billion dollars), 15.7% more than the same period last year.
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