Givaudan Completes Acquisition of Ungerer

Givaudan, the global leader in fragrances and flavours, announced the completion of the acquisition of Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company.

Givaudan had announced that it had reached an agreement to acquire the company in November 2019.

Gilles Andrier, Givaudan’s CEO said, “Acquiring Ungerer fits very well with our long term strategy for our core business in flavours and fragrances. They have an excellent reputation in the market, thanks to the quality of their specialty ingredients as well as their strong position in the fast growing local and regional customer segment.”

“We are very confident that the acquisition will further enhance our industry leadership, both through the vertical integration into key specialty ingredients for our flavour and fragrance creations, as well as in asserting our leadership with local and regional customers,” he added.

While terms of the deal have not been disclosed, Ungerer’s business would have represented approximately USD 250 million of incremental sales to Givaudan’s results in 2019 on a proforma basis. Givaudan funded the transaction from existing resources.

Headquartered in New Jersey, USA, Ungerer is a leading independent company in the flavour and fragrance specialty ingredients business, most notably in essential oils, which provides a rich palette of predominantly natural ingredients for flavour and fragrance creation, as well as for end customers of such specialties. The company has its presence in more than 60 countries, a total of eight manufacturing facilities and six R&D centres.