Deals
Givaudan Buys Ungerer of the U.S. to Grow in Flavors, Fragrances
A sample of Gummy bear sweets ahead of testing at Givaudan SA's flavor research laboratory.
Photographer: Gianluca Colla/Bloomberg
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Switzerland’s Givaudan SA agreed to buy Ungerer & Co. of the U.S. to strengthen its global flavors and fragrances business, which is part of the company’s 2020 strategy.
Givaudan plans to fund the acquisition by issuing debt, the Swiss company said in a statement late Friday, without disclosing the terms of the deal. The transaction is expected to close in the first quarter of next year.