Givaudan, a global leader in fragrances and flavors, announced it has completed the acquisition of Ungerer & Company, the US based Flavor, Fragrance and Specialty Ingredients company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019.
Headquartered in New Jersey, Ungerer is a leading independent company in the flavor and fragrance specialty ingredients business, most notably in essential oils, which provides a rich palette of predominantly natural ingredients for flavor and fragrance creation, as well as for end customers of such specialties. Ungerer also has an impressive local and regional customer presence for both flavors and fragrances in North America. Founded more than 125 years ago, Ungerer has developed a strong market position in all segments and a high quality reputation with its customer base. With a presence in more than 60 countries, a total of eight manufacturing facilities and six R&D centres, Ungerer’s capabilities and its 650 employees will further extend Givaudan’s market leadership in its core flavor and fragrance activities.
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 proforma basis. Givaudan funded the transaction from existing resources.
Givaudan completes acquisition of Ungerer
Move strengthens specialty ingredient capabilities
