With headquarters in Lincoln Park, New Jersey, Ungerer has been sourcing and suppling flavor and fragrance ingredients since 1893. In November of last year, Givaudan announced plans to acquire Ungerger & Company. Today, that acquisition is complete.
“It’s an exciting day as we welcome Ungerer employees to the Givaudan family,” Gilles Andrier, CEO at Givaudan says in the company media release about the acquisition. “Acquiring Ungerer,” he says, “fits very well with our long-term strategy for our core business in flavours and fragrances.”
Specialty fragrance ingredients and local markets
Ungerer supplies inputs for both fine fragrance as well as for scented personal care. The personal care info page on the company’s site explains that, “From invigorating shower gels to luxurious body creams - and everywhere in between - our creative team produces scents that create desire and resonate with consumers. We have a proven track record of developing high-quality, high-performance and regulatory compliant fragrances for soaps, skin and hair care, bathing, body, deodorants, and baby products.”
It is, in part, that track record with customers in the US, Latin America, Europe, and Asia that made the company a desirable addition to the Givaudan business: “They have an excellent reputation in the market, thanks to the quality of their specialty ingredients as well as their strong position in the fast growing local and regional customer segment,” Andrier tells the press.
“We have great respect,” he says, “for the company and are very confident that the acquisition will further enhance our industry leadership, both through the vertical integration into key specialty ingredients for our flavour and fragrance creations, as well as in asserting our leadership with local and regional customers.”
Dollars and details
The financial terms of the Ungerer acquisition were not made public. But today’s media release does state that Givaudan purchased the business with exiting resources and that “Ungerer’s business would have represented approximately USD 250 million of incremental sales to Givaudan’s results in 2019 on a proforma basis.”
Ungerer has facilities or offices in some 60 countries worldwide, owns 6 R&D labs, and 8 manufacturing facilities.
Deanna Utroske is a leading voice in the cosmetics and personal care industry as well as in the indie beauty movement. As Editor of CosmeticsDesign.com, she writes daily news about the business of beauty in the Americas region and regularly produces video interviews with cosmetics, fragrance, personal care, and packaging experts as well as with indie brand founders.
Deanna will be traveling next to the Personal Care Product Council’s annual meeting; if you’ll be there too and have beauty business news to share, feel free to contact her at email@example.com