Givaudan completes Albert Vieille purchase
The Swiss fragrance house acquired the natural aromatherapy ingredients specialist for an undisclosed amount
Givaudan has completed the acquisition of natural fragrance and aromatherapy specialist, Albert Vielle .
The pair went into negotiations in December 2018 and while the terms have not been disclosed, the Swiss firm has reported that the firm would have added €30m to Givaudan’s annual results.
Gilles Andrier, CEO of Givaudan, said: “Their [Albert Vieille] know-how, talent, and capabilities in natural ingredients will greatly contribute to our 2020 strategy.
“This acquisition supports us in further growing our leadership in the naturals space while strengthening our presence in Grasse, France, the historic area for perfumery.”
Georges Ferrando, Albert Vieille chief executive, added: “Joining Givaudan, the leader in the market, is a unique opportunity for Albert Vieille to further develop its activities in natural ingredients.
“I have every confidence that our common objective of crafting the most beautiful naturals will result in future successes with the major fragrance and aromatherapy brands.”
With more than 60 employees, Albert Vieille focuses on 100% pure essential oils and is based near Grasse, France.
The 99-year-old company also has a manufacturing facility in Spain.
