PARIS — Five months after the acquisition of fragrance creation house Expressions Parfumées, Givaudan said on Tuesday that it is making a 20 million Swiss franc, or $17.6 million, investment in the company to support growth of local and regional customers.
The Swiss fragrance and flavors supplier is expanding and modernizing Expressions Parfumées’ research and development laboratories and production facilities in Grasse, France, with new robotics and digitalization of operations. The expansion is due to be completed in the first half of 2020.
“A quarter after the closing of the acquisition, Expressions Parfumées is already achieving very promising results,” Maurizio Volpi, president fragrance division at Givaudan, said in a statement. “Investing in this company shows Givaudan’s commitment to reinforce its capabilities in Grasse for future growth, particularly with local and regional customers, while sustaining its strong reputation of having state-of-the-art customer service and know-how in Made in France fragrance design.”
Givaudan purchased Expressions Parfumées in June to bolster its naturals business. The supplier had entered into exclusive talks to acquire the house in mid-December 2017.
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Expression Parfumées, a pioneer of natural fragrance compounds, has operated in Grasse since 1982. Its NATCO line of fragrances was created to adapt to any production labeled organic.
Vernier, Switzerland-based Givaudan generated sales of 5.1 billion Swiss francs in 2017. It has more than 11,100 employees in more than 100 locations worldwide.