Sector News

Firmenich announce acquisition of Agilex Fragrances

June 15, 2017
Food & Drink

Firmenich have announced that it is acquiring Agilex Fragrances, a leading fragrance company in North America serving mid-sized customers.

Headquartered in Piscataway, New Jersey, US, Agilex Fragrances is recognized for its impressive track record in designing creative fragrances, as well as its industry-leading supply chain with best-in-class speed-to-market. Furthering its operational excellence, the Group recently launched a new, state-of-the-art manufacturing center in Somerset County, New Jersey with highly automated and flexible processes.

“I am delighted to be welcoming Agilex Fragrances within the Firmenich Group”, said Patrick Firmenich, Chairman of the Board, Firmenich. “With their established customer base, recognized best-in-class service levels and proven operational excellence for mid-sized customers in North America, they perfectly complement our Fragrance business.”

“By joining the Firmenich Group, with its global reach and cutting edge creativity and research, we will take our company to new heights,” commented Ray Hughes, CEO, Agilex Fragrances. “Our shared ambition is to design unique fragrances for our customers while furthering our industry-leading agility and speed-to-market.”

“Agilex’s fit-for-purpose business model is a winning blueprint to serve mid-sized businesses, combining proprietary, tailored solutions with an agile service model,” added Gilbert Ghostine, CEO Firmenich. “I look forward to seeing how our global creativity and innovation capabilities, as well as, consumer understanding will open up new opportunities for Agilex and their customers.”

Armand de Villoutreys, President Perfumery at Firmenich told FoodIngredientFirst: “This acquisition perfectly complements our current Perfumery business as it enables us to reach a new set of customers, specifically mid-sized players. Agilex Fragrances serves them across North America with a best-in-class operating model tailored to their needs.”

“We believe that this acquisition will be beneficial to Firmenich and Agilex Fragrances. Therefore we are confident it should open up new job opportunities going forward,” he adds.

“This is an exciting time for our industry,” claims Villoutreys. “We believe there is tremendous potential for our business, and the industry at large, particularly in the areas of naturals, delivery technologies and breakthrough innovation to advance sustainable lifestyles.”

Upon closing, Agilex Fragrances will be operating as a stand-alone entity and will continue to design worldclass fragrance solutions for mid-sized customers. With the new manufacturing center’s latest automated compounding technology and flexible processes, Agilex Fragrances will take its innovation and turnaround times to new levels of excellence.

Financial terms of the deal have not been disclosed. The completion of this transaction is subject to clearance by the relevant regulatory authorities and is expected to close prior to year-end 2017.

By Elizabeth Green

Source: Food Ingredients First

comments closed

Related News

February 4, 2023

Unilever names FrieslandCampina’s Hein Schumacher as next CEO

Food & Drink

Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

February 4, 2023

Tetra Pak execs flag plant-based ice cream development hurdles as indulgent offerings expand

Food & Drink

Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.

February 4, 2023

Examining the meaning of eco-labels: Is it time for mandated methodology?

Food & Drink

A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.

How can we help you?

We're easy to reach