India, June 27 -- Givaudan AG (GVDBF.PK), a Swiss maker of flavors, fragrances, and cosmetic ingredients, announced Friday its agreement to acquire a majority stake in Vollmens Fragrances Ltda, a Brazilian fragrance house. The financial terms of the deal were not disclosed.
The acquisition is part of Givaudan's 2025 strategy to grow with local and regional customers.
The company noted that Vollmens Fragrances' business would have represented around 25 million Swiss francs of incremental sales to Givaudan's results in 2024 on a proforma basis.
The acquisition is expected to close in the second half of 2025, and Givaudan plans to fund the deal from existing resources.
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