FIRMENICH COMPLETES ACQUISITION OF “FLAVOUROME”, TO EXPAND PRESENCE IN AFRICA
Geneva, Switzerland, February 5, 2018 – Further to the announcement dated December 13th, 2017, Firmenich is pleased to confirm that it has successfully completed the acquisition of Flavourome, an established flavors company in South Africa. With this acquisition, Firmenich is expanding its presence in Africa with access to new customers as well as a high-performing manufacturing facility in South Africa.
“We are pleased to formally welcome the Flavourome team into the Firmenich Group,” says Patrick Firmenich, Chairman of the Board, Firmenich. “Building on over 30 years of business presence in South Africa, today’s acquisition firmly anchors our vision to grow in this key region.”
“The Sub-Saharan Africa region, with its population of 800 million, represents a strategic growth market for Firmenich,” said Gilbert Ghostine, CEO, Firmenich. “This milestone confirms our commitment to shaping winning solutions for our customers in South Africa and beyond.”
Firmenich is the world’s largest, privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share, and sublimate the best that nature has to offer. Firmenich had an annual turnover 3.34 billion Swiss Francs at end June 2017.