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.