A few days after having unveiled its 5 year plan for growth and its interest in acquiring new companies, including cosmetic ingredients suppliers, Givaudan is getting things done with the acquisition of 100% of the shares of Induchem Holding AG and its subsidiaries. After the acquisition of Soliance last year, it is a second key step towards the transformation of Givaudan into a significant player in the active cosmetic ingredients business.
Induchem employs 65 people and is headquartered in Volketswil, near Zurich, in Switzerland, and also has premises in Toulouse, France and New York, USA. Induchem’s portfolio of products is based on a wide range of functional active ingredients. The company’s core business also includes carrier systems and other formulation ingredients such as exfoliants, polymers, and additives. The company also stands on research expertise in fields such as biocatalysis, metagenomics, and biochemical synthesis.
According to Givaudan, Induchem’s business would have represented approximately CHF 25 million (EUR 23.2 million) of incremental sales to the group’s results in 2014 on a proforma basis.
“We expect Induchem to become an integral part of the Active Cosmetic Ingredients (ACI) business within the Fragrance Division. We expect to integrate Givaudan ACI and Induchem, hence expanding our portfolio of products and creating a strong R&D and marketing platform to drive future growth in this space,” explains Maurizio Volpi, President of Givaudan’s Fragrance Division.
The terms of the deal have not been disclosed.