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Eurofragrance Sells Flavors Branch

European Flavours & Fragrances acquired the business for an undisclosed sum.

PARIS — Spain’s Eurofragrance said it sold its flavors division to European Flavours & Fragrances this week.

 

Terms of the deal were not disclosed.

 

According to Eurofragrance, the sale was made “for strategic purposes and to focus on [the company’s] fragrance business unit.”

 

Eurofragrance’s fragrance division’s sales have increased 10 percent per year since the company’s start in 1990.