Givaudan is set to acquire a majority stake in Spanish fragrance house Eurofragrance.
The deal is part of the Swiss ingredients supplier’s 2030 strategy, which aims “to expand its presence and capabilities across local and regional markets to drive sustained business growth”, the company said in a statement.
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The terms of the deal have not been revealed, but the acquisition would have boosted Givaudan’s sales by around CHF 185m (US$235m) in 2025, the company said.
“Eurofragance is a respected player with deep roots in fine fragrances and strong relationships in high-growth markets,” said Maurizio Volpi, President Fragrance and Beauty at Givaudan.
“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.”
Eurofragrance is a family-founded firm that designs and produces fine fragrances, as well as fragrances for personal and home care products.
“We are confident that partnering with Givaudan opens a new chapter for Eurofragance,” said Santiago Sabatés, Chairman of Eurofragance.
“Since our incorporation in Barcelona and throughout our international growth, we have built our company on passion, creativity, innovation and agility.
“This strategic alliance will allow us to reach new heights and continue innovating and creating exceptional fragrances.”
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