Robertet Issues Statement of Independence
“The independence of our company is non-negotiable” states Philippe Maubert, Chairman and Chief Executive Officer of Robertet.
Robertet’s Board of Directors met on December, 4th 2019 and took note of Firmenich’s entry into the company’s capital through its share purchases on September, 26th and October, 11th 2019.
The Board of Directors, acting unanimously, emphasizes that this entry into Robertet’s capital is unsolicited and that no discussion with Firmenich on points of merger was deemed appropriate.
Robertet is an inherited and family medium-sized company with a differentiated positioning, on a human scale, visionary and long-standing on natural products.
The Maubert family controls 47% of the share capital and 67.5% of the voting rights.
This unique positioning and independent strategy offer solid development outlook. Without any debt to date, the company has the full financial capacity to grow without the support of a competitor.
Given the many advantages in pursuing its strategy as an independent and differentiated leader in the raw materials and natural ingredients sector, Robertet points out that Firmenich is among its direct competitors. Consequently, the Group does not intend to propose to Firmenich to be represented on the company’s Board of Directors or to build a collaboration that would limit its operational and strategic flexibility.
Grasse, 11 December 2019