Givaudan to acquire Quest International

Swiss Givaudan has signed an agreement with ICI to acquire its fragrance and flavour business, Quest International, for £1.2 billion (£1.8bn).

Quest will extend Givaudan’s leadership position in the strategic segments of
the fragrance and flavour industry and Givaudan expects to achieve annual synergies of £94 million with full benefits to be realised after year three.
The acquisition is in line with Givaudan’s strategy to focus on developing markets and capture opportunities in key segments.

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