Givaudan completes acquisition of Albert Vieille
Givaudan completes the acquisition of Albert Vieille
Expanding capabilities in natural ingredients for the Fragrance Division
Givaudan, the global leader in flavours and fragrances, announced it has completed the acquisition of Albert Vieille, a French company specialized in natural ingredients used in the fragrance and aromatherapy markets. Givaudan had announced that it had entered into exclusive negotiations to acquire the company in December 2018.
Albert Vieille has unique know-how in the realm of aromatic plants and specializes in 100% pure essential oils and speciality natural ingredients. The natural ingredients are used for the formulation of perfumes and aromatherapy products.
With its origins dating back to 1920, and with more than 60 employees, Albert Vieille is based close to Grasse, in France, and has a manufacturing facility in Spain, with its products sold globally through a network of distributors. They source their raw materials across the world, where fragrant crops are harvested and have developed over many years strong capabilities in natural ingredients sourcing and processing.
Gilles Andrier, CEO of Givaudan said: “It is a very exciting day for Givaudan as we welcome Albert Vieille into the Givaudan family. Their know-how, talent, and capabilities in natural ingredients will greatly contribute to our 2020 strategy. This acquisition supports us in further growing our leadership in the Naturals space while strengthening our presence in Grasse, France, the historic area for perfumery.”
Georges Ferrando, CEO of Albert Vieille said: “Joining Givaudan, the leader in the market, is a unique opportunity for Albert Vieille to further develop its activities in natural ingredients. I have every confidence that our common objective of crafting the most beautiful naturals will result in future successes with the major fragrance and aromatherapy brands.”
Maurizio Volpi, President of Givaudan’s Fragrance Division said: “Over the last years, we have taken several steps in strengthening our capabilities in naturals through targeted acquisitions and partnerships. Acquiring Albert Vieille is fully aligned with our ambition to vertically integrate our supply chain in natural ingredients. We will be able to further advance our knowledge and activities in innovation while producing beautiful perfumery iconic naturals for our customers’ brands.”
While terms of the deal have not been disclosed, Albert Vieille’s business would have represented more than EUR 30 million of incremental sales to Givaudan’s results in 2018 on a proforma basis. Givaudan has funded the transaction from existing resources.