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Givaudan to Acquire Ungerer

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Givaudan's acquisition of Ungerer & Co. signals an ongoing escalation in F&F acquisitions.

The acquisition/investment announcements continue to roll in as 2019 comes to a close. Givaudan has announced that it is acquiring U.S.-based Ungerer & Company, which offers flavors, fragrances and specialty ingredients. Terms of the deal were not disclosed; in 2018, Ungerer's business generated about $250 million in revenue.  The transaction is expected to close in Q1 2020.

Ungerer was the original publisher of the American Perfumer, an early precursor to Perfumer & Flavorist. The company was founded more than 125 years ago and has a presence in more than 60 countries. It operates eight manufacturing sites and six R&D facilities and employs 650.

“The acquisition of Ungerer fits very well with our long term strategy for our core business in flavors and fragrances," said Gilles Andrier, Givaudan’s CEO. "They have an excellent reputation in the market, thanks to the quality of their specialty ingredients as well as their strong position in the fast growing local and regional customer segment. 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.”

“I am very proud of all that Ungerer has accomplished throughout its 125 years as an independent company and we are confident that the company will continue to flourish as part of Givaudan,” said Ungerer’s controlling owner Barbara Voorhees. “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. I know that my late husband Gary Voorhees would be immensely satisfied to see the company that he led with integrity for many years join forces with the industry leader, Givaudan.”