Investment company acquires majority share in the Spanish flavours and fragrances business
Eurazeo, a French investment firm, has bought a 70% stake in Spanish flavours and fragrances company Iberchem for €270m.
Iberchem is active in more than 100 countries and operates 11 manufacturing facilities.
With Eurazeo investment, Iberchem’s management team will gain extra support in the next phase of development.
Virginie Morgon, deputy CEO of Eurazeo, said: “We are delighted to support Iberchem, a company that meets all our investment criteria: a strong management team driving superior organic growth thanks to an agile business model in the resilient Fragrances & Flavours sector benefiting from the expansion of the middle class in emerging markets.
“We will leverage our expertise in Iberchem's underlying markets, as well as our international network, to accelerate the growth of the company. We are keen to support Ramon Fernandez and his team in the next chapter of the history of this fast-growing company.”
Meanwhile, Ramon Fernandez, CEO and Founder of Iberchem, added: “Eurazeo also has the know-how to assist the company in strengthening its talent pool to support long-term growth. Iberchem will be able to continue on its successful path and increase its leadership through organic growth in existing and new markets and selective M&A.”