Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Givaudan wants to strengthen R&D capabilities with Soliance acquisition

Gilles Andrier, CEO of Givaudan - Photo:  courtesy of Givaudan

Gilles Andrier, CEO of Givaudan - Photo: courtesy of Givaudan

Swiss supplier of fragrances and aromas Givaudan has announced that it has entered into exclusive negotiations to acquire Soliance, a French company specialising in cosmetic active ingredients derived from vegetable sources, microorganisms and microalgae. Soliance has two sites in France, located in Pomacle (Eastern France) and Île Grande (Brittany), and employs 77 people.

Soliance represents Givaudan’s first acquisition since that of Quest. Its current portfolio of active cosmetic ingredients and strong process development and research capabilities fit well into the five strategic pillars of Givaudan,” said Gilles Andrier, CEO of Givaudan.

Once the acquisition is completed, Soliance will become an integral part of Givaudan’s Fragrance Division. The Swiss group expects Soliance to strengthen its Research and Development capabilities, in particular, thanks to its strong track record of identifying natural molecules with high value.

The terms of the deal have not been disclosed, however Givaudan said it plans to fund the transaction from existing resources. Givaudan also said the acquisition would have represented approximately CHF 25 million (about EUR 20 million) of incremental sales to Givaudan’s results in 2013 on a proforma basis.

The transaction is expected to close in the second quarter of 2014, subject to the customary closing approvals and conditions which includes consultations with the employee representative bodies.

© 2014 - Premium Beauty News -
latest news

A new trade show dedicated to clean beauty in London

Dubbed Clean Beauty in London the new trade show intends to gather experts, scientists, suppliers, brands, influencers and journalists under one roof “to build the future of clean beauty.” Taking place on October 12 & 13, 2020 at The Brewery, located at 52 Chiswell Street at the heart of London, the event aims to encourage (...)

read more
job opportunities
Experts’ views
Haitian crisis: The Vetiver sector under great tension

Remi Pulverail
Haitian crisis: The Vetiver sector under great tension

What about this country that has been struggling for years between natural disasters, less and less efficient politicians, poorly managed and inefficient international aid and the consequences for the fragrance industry? Without going back to the times of colonization, Haiti has suffered in recent years from several phenomena that (...)

read more
E-shop - latest publications
Regulations on the registration of cosmetic products in China (part1)
135.00 € excl. tax
LuxePack Monaco 2017 - Show Report
30.00 € excl. tax
Safety of perfumes and cosmetics. Belarus, Kazakhstan and Russia
200.00 € excl. tax
Go to top ↑


We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies