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Givaudan Enters Negotiations to Acquire Albert Vieille SAS

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As part of its 2020 strategy to expand its fragrance business, Givaudan has entered into talks to acquire French natural ingredient company Albert Vieille SAS.

“Albert Vieille will bring to Givaudan the expertise to further develop and vertically integrate our natural capabilities,” said Maurizio Volpi, president of Givaudan’s fragrance division. “We will combine our existing know-how with those of Albert Vieille to meet the needs of our customers who are facing an increasing demand from consumers for more natural and sustainable fragranced products.”

Since 1920, Albert Vieille has specialized in natural fragrance ingredients that are used in formulations for perfumes and aromatherapy products. Headquartered close to Grasse, France, the company globally sources their raw materials and employs more than 50 people. Terms of the deal will not be disclosed, but Albert Vieille’s business would have brought an estimated €30 million of incremental sales to Givaudan’s 2017 financial results on a proforma basis. Givaudan plans to fund the transaction from existing resources and the deal is expected to close in the first quarter of 2019.

Related: Givaudan Invests in Expressions Parfumées Facilities

“Acquiring Albert Vieille will fit nicely with our 2020 strategy to enrich Givaudan’s palette with novel in-house natural ingredients that our perfumers will use to offer best quality and creative solutions to our customers,” said Gilles Andrier, CEO of Givaudan. “This acquisition will also allow us to enter the market of essential oils for aromatherapy, which will contribute to our 2020 strategy for ‘health and well-being.’ It is another step in reinforcing our presence in Grasse, where the perfumery know-how has recently been awarded World Heritage Status by UNESCO.”