Home Finance Givaudan buys U.S. flavour and fragrance maker Ungerer

Givaudan buys U.S. flavour and fragrance maker Ungerer

Swiss flavour and fragrance maker Givaudan said it was buying U.S. Ungerer & Company for an undisclosed sum as part of its long-term growth strategy. Givaudan said Ungerer, which employs 650 people, would have added roughly $250 million in extra sales on the basis of last year’s results. Givaudan posted sales of 5.53 billion Swiss francs ($5.55 billion) in 2018.

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