The worldwide chief in fragrances and sweetness substances has entered into an settlement to accumulate a majority stake in Eurofragance, the Barcelona-based impartial perfume creation firm.
Eurofragance is a family-founded perfume creation home specialising completely within the design and manufacturing of high-quality fragrances, in addition to fragrances for private and residential care merchandise. With a powerful presence throughout Europe, the Center East, Asia, Africa, and Latin America, the corporate focuses on excessive progress regional markets.
With this acquisition, whose monetary phrases weren’t disclosed, Givaudan seeks to develop its international capabilities and market attain, drawing on Eurofragance’s robust regional platform and native market experience.
“Eurofragance is a revered participant with deep roots in high-quality fragrances and robust relationships in excessive progress markets. By becoming a member of forces, we’re completely aligned with our 2030 technique for progress and our mission to proceed shaping the way forward for high-quality perfume creation,” mentioned Maurizio Volpi, President Perfume & Magnificence at Givaudan.
“We’re assured that partnering with Givaudan opens a brand new chapter for Eurofragance. Since our incorporation in Barcelona and all through our worldwide progress, we now have constructed our firm on ardour, creativity, innovation and agility. This strategic alliance will enable us to succeed in new heights and proceed innovating and creating distinctive fragrances,” added Santiago Sabatés, Chairman of Eurofragance.
The closing of the transaction is topic to the relevant regulatory processes.
On a proforma foundation, Eurofragance’s enterprise would have represented roughly CHF 185 million of incremental gross sales to Givaudan’s leads to 2025. The group’s turnover for the final fiscal 12 months amounted to CHF 7.47 billion, up 0.8% pushed by high-quality fragrances.
Givaudan recorded a 2.8% improve in gross sales on a like-for-like foundation within the first quarter of 2026, considerably exceeding analysts’ expectations. Nonetheless, amid Center East tensions, the sharp appreciation of the Swiss franc — a conventional safe-haven foreign money — dragged the group’s income down 5.2% to roughly CHF 1.9 billion within the first quarter.
The Swiss perfume and flavour producer reaffirmed final April its medium-term targets, persevering with to goal for common annual gross sales progress of 4% to six% by 2030, excluding foreign money results and acquisitions.
