Agreement to buy US flavour, fragrances and specialty ingredients company announced in November 2019
Global leader in fragrances and flavours Givaudan has completed its acquisition of Ungerer & Company.
Headquartered in New Jersey, US, Ungerer is a leading independent company in the flavour and fragrance specialty ingredients business, notably essential oils.
The terms of the deal have not been disclosed but Ungerer’s business would have represented approximately US$250m of incremental sales to Givaudan’s results in 2019 on a pro forma basis.
“Acquiring Ungerer fits very well with our long term strategy for our core business in flavours and fragrances,” commented Givaudan CEO Gilles Andrier.
“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.”
Ungerer was founded over 125 year ago and has a presence in more than 60 countries, with eight manufacturing facilities and six R&D centres.