On December 19, 2024, global investment firm the Riverside Company announced its investment in Essential Compositions, a fragrance manufacturer based in Spain.
Essential Compositions was founded in Gandía, Spain in 1980 and manufactures fragrances for perfumery, personal care, air care, and home care companies. The company currently sells its product to 250 customers across the globe. Essential Compositions owns a catalog of more than 20,000 registered formulations and has significantly invested in quality control and assurance initiatives in its production.
“We are delighted to secure our latest platform investment in the specialty ingredients space - an industry where we have a long track record and a global network of expertise, reinforcing our specialty ingredients super-thesis,” said Karsten Langer, managing partner at Riverside Europe. “We are attracted to this sector by positive growth trends in the overall flavor and fragrance industry, particularly among mid-sized and smaller companies.”
This announcement represents Riverside’s sixth acquisition deal in the specialty ingredients space in Europe. According to the press release, Riverside’s company officials intend to enhance Essential Composition’s commercial and R&D capabilities to support growth.
“Riverside’s deep flavor and fragrance sector experience and global resources, particularly in the US, EU, and Asia, make the firm an ideal choice to help our organization continue its international development,” said Alberto Catalá, chief commercial officer of Essential Compositions. “Essential Compositions has been family owned since its inception, so it was important to find a partner who would respect this heritage, while helping the company seize the current growth opportunities, particularly in international markets. My brothers and I will reinvest alongside Riverside, and we look forward to writing this new chapter with them.”
