Givaudan Acquires Custom Essence
November 15, 2021
Givaudan has reached an agreement to acquire Custom Essence, a family-owned fragrance creation house based in Somerset, New Jersey. The acquisition expands Givaudan's natural-fragrance capabilities and local/regional customer reach as part of its 2025 fragrance strategy; Custom Essence employs roughly 70 people and would have represented about USD 40 million of incremental sales on a 2020 proforma basis.
- Buyers
- Givaudan
- Targets
- Custom Essence
- Industry
- Consumer Products
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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