Givaudan Expands in Latin America with Acquisition of Brazilian Fragrance Factory
São Paulo, vrijdag, 27 juni 2025.
The Swiss fragrance giant Givaudan is strengthening its market position by taking a majority stake in Vollmens Fragrances, a renowned Brazilian company. This strategic move is expected to generate approximately 25 million Swiss francs in additional revenue. Vollmens, located in Saltinho and active since 2004, has 180 employees and an international reach spanning Latin America, Central America, North America, and Africa. The founding family remains involved in the company, ensuring continuity and local expertise. This acquisition perfectly aligns with Givaudan’s growth strategy for 2025, focused on expanding regional customer relationships and reinforcing its position in emerging markets.
Strategic Acquisition in Brazil
Givaudan announced on Friday that it is taking a majority stake in Vollmens Fragrances, a Brazilian fragrance company. The company, located in Saltinho in the state of São Paulo, has been active in the fragrance industry since 2004 and has 180 employees [1][2][3].
International Market Expansion
Vollmens Fragrances has an international operation that extends across Latin America, Central America, North America, and Africa. The company specialises in fragrancing for various market segments, including fine perfumery, skincare, household products, and pet care [1][3].
Financial Details
Although the financial details have not been fully disclosed, Givaudan expects Vollmens Fragrances could generate 25 million Swiss francs in incremental revenue for 2024 results. The transaction will be financed from existing resources and is expected to be completed in the second half of 2025 [1][2][3].
Strategic Vision
Gilles Andrier, CEO of Givaudan, emphasised that this acquisition perfectly fits the growth strategy for 2025, aimed at expanding local and regional customer relationships. The founding family, particularly Nestor Francisco Mendes and Rinaldo José Mendes, will remain involved in the business operations [1][3].