6 May 2019
DOWNLOAD THE NATURAL GAZETTE NO.8
DETAILS
the global leader in flavours and fragrances,
today announced it has completed
the acquisition of Albert Vieille,
a French company specialised in natural ingredients
used in the fragrance and aromatherapy markets.
Givaudan had announced that it had entered into
exclusive negotiations
to acquire the company in December 2018.
Albert Vieille has unique know-how
in the realm of aromatic plants and specialises in
100% pure essential oils and speciality natural ingredients.
The natural ingredients are used for
the formulation of perfumes and aromatherapy products.
With its origins dating back to 1920,
and with more than 60 employees,
Albert Vieille is based close to Grasse, in France,
and has a manufacturing facility in Spain,
with its products sold globally
through a network of distributors.
They source their raw materials across the world,
where fragrant crops are harvested and have developed
over many years strong capabilities
in natural ingredients sourcing and processing.
While terms of the deal have not been disclosed,
Albert Vieille’s business would have represented
more than EUR 30 million of incremental sales
to Givaudan’s results in 2018
on a proforma basis.
Givaudan has funded the transaction
from existing resources.
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Gilles Andrier,
CEO of Givaudan
“It is a very exciting day for Givaudan
as we welcome Albert Vieille into the Givaudan family.
Their 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.”
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Georges Ferrando,
CEO of Albert Vieille
“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.”
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Maurizio Volpi,
President of Givaudan’s Fragrance Division
“Over the last years, we have taken several steps
in strengthening our capabilities in naturals
through targeted acquisitions and partnerships.
Acquiring Albert Vieille is fully aligned with our ambition
to vertically integrate our supply chain in natural ingredients.
We will be able to further
advance our knowledge and activities in innovation
while producing beautiful perfumery iconic naturals
for our customers’ brands.”
For further information please contact
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093
E peter_b.wullschleger@givaudan.com
Marie Laure André, Givaudan Fragrances
T +33 1 3998 4477
E marie-laure.andre@givaudan.com
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