The global leader in fragrances and beauty ingredients has entered into an agreement to acquire a majority stake in Eurofragance, the Barcelona-based independent fragrance creation company.

Eurofragance is a family-founded fragrance creation house specialising exclusively in the design and production of fine fragrances, as well as fragrances for personal and home care products. With a strong presence across Europe, the Middle East, Asia, Africa, and Latin America, the company focuses on high growth regional markets.

With this acquisition, whose financial terms were not disclosed, Givaudan seeks to expand its global capabilities and market reach, drawing on Eurofragance’s strong regional platform and local market expertise.

“Eurofragance is a respected player with deep roots in fine fragrances and strong relationships in high growth markets. By joining forces, we are perfectly aligned with our 2030 strategy for growth and our mission to continue shaping the future of fine fragrance creation,” said Maurizio Volpi, President Fragrance & Beauty at Givaudan.

“We are confident that partnering with Givaudan opens a new chapter for Eurofragance. Since our incorporation in Barcelona and throughout our international growth, we have built our company on passion, creativity, innovation and agility. This strategic alliance will allow us to reach new heights and continue innovating and creating exceptional fragrances,” added Santiago Sabatés, Chairman of Eurofragance.

The closing of the transaction is subject to the applicable regulatory processes.

On a proforma basis, Eurofragance’s business would have represented approximately CHF 185 million of incremental sales to Givaudan’s results in 2025. The group’s turnover for the last fiscal year amounted to CHF 7.47 billion, up 0.8% driven by fine fragrances.

Givaudan recorded a 2.8% increase in sales on a like-for-like basis in the first quarter of 2026, significantly exceeding analysts’ expectations. However, amid Middle East tensions, the sharp appreciation of the Swiss franc — a traditional safe-haven currency — dragged the group’s revenue down 5.2% to roughly CHF 1.9 billion in the first quarter.

The Swiss fragrance and flavour manufacturer reaffirmed last April its medium-term targets, continuing to aim for average annual sales growth of 4% to 6% through 2030, excluding currency effects and acquisitions.