August 21, 2019 – CIM Partners LLC has advised Fragrance Oils (International) Ltd (“Fragrance Oils” or the “Company’) on its sale to Givaudan. The Company is a leading UK-based manufacturer and marketer of innovative specialty fragrances for fine fragrances, personal and home care applications. Their state-of-the-art manufacturing facility in Radcliffe, UK employs over 250 and sells its products in more than 90 countries, in particular in high growth export markets.Financial details of the transaction were not disclosed, but the Company had annual sales of approximately GBP 50 million. Givaudan acquired Fragrance Oils to strengthen its leading position in the fast growing local and regional customer market.
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 5.5 billion in 2018. Headquartered in Switzerland with local presence in over 145 locations, the Company has almost 13,600 employees worldwide. For more information, visit www.givaudan.com.
About Fragrance Oils
Fragrance Oils is a privately-owned company specializing in the creation of perfumery essences and natural herbal extracts for use in the fine fragrance, personal care, air care and household cleaning sectors. Established in 1967, the company has emerged as one of the industry’s most dynamic and influential companies. With its headquarters in the United Kingdom, the company has a global support network with representation in various regions across Europe, Russia, Asia Pacific, North and South America, the Middle East and Africa. With sales covering more than 70 countries, Fragrance Oils is well placed to meet the demands of its customers across the world. For more information, visit www.fragrance-oils.com