Sector News

Givaudan buys cosmetics ingredients group Induchem

August 31, 2015
Food & Drink

(Reuters) – Swiss flavors and fragrances group Givaudan (GIVN.VX) said on Monday it would buy Induchem Holding AG, in a move to strengthen its active cosmetic business.

It did not give any financial details of the deal.

Givaudan said Induchem, which employs 65 staff and operates primarily from Switzerland, France and New York, would have represented around 25 million Swiss francs ($26.1 million) in additional sales in 2014 on a pro forma basis.

(Reporting by Michael Shields; Editing by Anand Basu)

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