Givaudan has reached an agreement to acquire Ungerer & Company, the US company of special flavorings, fragrances and ingredients.
Ungerer specializes in essential oils and provides a broad portfolio of natural fragrance-creating ingredients. It is headquartered in New Jersey and is present in more than 60 countries, with eight manufacturing facilities and six research and development centers.
The acquisition is a strategic move for Givaudan, according to Gilles Andrier, CEO of Givaudan. “The acquisition fits very well with the company’s strategy for its core business in flavors and fragrances.
“They have an excellent reputation in the marketplace thanks to the quality of their specialty ingredients as well as their strong position in the fast growing local and regional customer segment,” he said.
“We have great respect for the company and are very confident that the acquisition will further enhance our industry leadership, both through the vertical integration into key specialty ingredients for our flavour and fragrance creations, as well as in asserting our leadership with local and regional customers. We look forward to welcoming the Ungerer employees to the Givaudan family.”
Ungerer’s controlling owner Barbara Voorhees added: “We believe that we have a strong set of shared values with Givaudan and that this transaction represents a very positive step for Ungerer’s customers and employees.
Earlier this year, Givaudan bought Vietnamese flavours company Golden Frog in a move to strengthen its presence in the Asia Pacific market.