Givaudan, the global leader in fragrances and flavours, has completed the acquisition of Ungerer and Company, the US-based flavour, fragrance and specialty ingredients company. The former had reached an agreement to acquire the company in November 2019.
Headquartered in New Jersey, USA, Ungerer is a leading independent company in the flavours and fragrances and specialty ingredients businesses, most notably in essential oils, which provides a rich palette of predominantly natural ingredients for flavour and fragrance creations, as well as for end customers of such specialties.
Ungerer also has an impressive local and regional customer presence for both flavours and fragrances in North America. Founded more than 125 years ago, it has developed a strong market position in all segments and a high-quality reputation with its customer base.
With a presence in over 60 countries, a total of eight manufacturing facilities and six R&D (research and development) centres, Ungerer’s capabilities and its 650 employees will further extend Givaudan’s market leadership in its core flavour and fragrance activities.
Gilles Andrier, chief executive officer, Givaudan, said, “It is an exciting day as we welcome Ungerer employees to the Givaudan family. Acquiring Ungerer fits very well with our long term strategy for our core business in flavours and fragrances.”
“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,” he added.
“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,” Andrier said.
While terms of the deal have not been disclosed, Ungerer’s business would have represented approximately $250 million of incremental sales to Givaudan’s results in 2019 on a pro forma basis. The latter funded the transaction from existing resources.
