 "Givaudan’s flavour facility in Nantong, China")
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Flavour & fragrance firm Givaudan on August 31, 2015 acquired Induchem Holding AG, the Swiss manufacturer of ingredients for cosmetic applications. Induchem’s portfolio of products is based on a wide range of innovative and highly functional active ingredients with proven efficacy results, as well as research expertise in fields such as biocatalysis, metagenomics, and biochemical synthesis. Induchem primarily operates from Volketswil (Switzerland), Toulouse (France) and New York (USA).
Gilles Andrier, CEO of Givaudan, said, “Induchem is a second key step, after the acquisition of Soliance, towards our ambition to make Givaudan a significant player in the active cosmetic business. Induchem brings strong complementary capabilities to Givaudan and will greatly contribute in achieving our 2020 ambition to become a key player in this fast growing business.”
Maurizio Volpi, president of Givaudan’s fragrance division, added, “We expect Induchem to become an integral part of the active cosmetic ingredients (ACI) business within the fragrance division. We expect to integrate Givaudan ACI and Induchem, hence expanding our portfolio of products and creating a strong R&D and marketing platform to drive future growth in this space. Induchem has developed a very strong brand, an innovative portfolio of products, and very strong talent that we will continue to develop with the Induchem team for a successful future together”.
While terms of the deal have not been disclosed, Induchem’s business would have represented approximately CHF 25 million of incremental sales to Givaudan’s results in 2014 on a proforma basis.
