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Eurofragance Sells Flavors Unit; Focuses on Fragrance Operations
Posted: July 2, 2013
Eurofragance has sold its flavors division to Aromas y Fragancias Europeos S.L.U, which is part of European Flavours & Fragrances PLC (EFF), and will focus on its core, fast-growing fragrance business unit.
Having transferred its flavors business, the entire Eurofragance organization will now focus its efforts on the fragrance division, which represents the core business of the company and which has been growing more than 10% annually since its origins in 1990.
Meanwhile, EFF will acquire the assets necessary to operate in the flavors industry. With a history spanning 30 years, the EFF group specializes in fragrance and flavor design with headquarters in the U.K., affiliates in Poland, Singapore, India and Vietnam and representatives in more than 17 countries. Spain is a strategic location for this company, which intends to strengthen its flavors division in Southern Europe. The Spanish headquarters of this British company will be based in the same industrial unit in Rubí (Barcelona), where the Eurofragance flavors division operates.
Most of the staff previously working in the Eurofragance flavors division will work for Aromas y Fragancias Europeas, the companies said.