Givaudan completes Ungerer buy
Givaudan, the world’s largest flavours and fragrances (F&F) house, today completed the acquisition of Ungerer & Company, which was originally announced in November 2019. Terms were not disclosed, but Givaudan said that the newly acquired business would have represented about $250 million of incremental sales in 2019 on a pro forma basis.
Ungerer was founded over 125 years ago and is based in New Jersey, making speciality F&F ingredients, most notably essential oils but also aroma chemicals. It was hitherto mainly owned by the Vorhees family. In all, it has eight manufacturing facilities and six R&D centres, employing 650 people. Givaudan CEO said that acquiring it “fits very well with our long-term strategy for our core business in F&F”.