Firmenich Announce Acquisition of Agilex Fragrances
15 Jun 2017 --- Firmenich have announced that it is acquiring Agilex Fragrances, a leading fragrance company in North America serving mid-sized customers.
Headquartered in Piscataway, New Jersey, US, Agilex Fragrances is recognized for its impressive track record in designing creative fragrances, as well as its industry-leading supply chain with best-in-class speed-to-market. Furthering its operational excellence, the Group recently launched a new, state-of-the-art manufacturing center in Somerset County, New Jersey with highly automated and flexible processes.
“I am delighted to be welcoming Agilex Fragrances within the Firmenich Group”, said Patrick Firmenich, Chairman of the Board, Firmenich. “With their established customer base, recognized best-in-class service levels and proven operational excellence for mid-sized customers in North America, they perfectly complement our Fragrance business.”
“By joining the Firmenich Group, with its global reach and cutting edge creativity and research, we will take our company to new heights,” commented Ray Hughes, CEO, Agilex Fragrances. “Our shared ambition is to design unique fragrances for our customers while furthering our industry-leading agility and speed-to-market.”
“Agilex’s fit-for-purpose business model is a winning blueprint to serve mid-sized businesses, combining proprietary, tailored solutions with an agile service model,” added Gilbert Ghostine, CEO Firmenich. “I look forward to seeing how our global creativity and innovation capabilities, as well as, consumer understanding will open up new opportunities for Agilex and their customers.”
Armand de Villoutreys, President Perfumery at Firmenich told FoodIngredientFirst: “This acquisition perfectly complements our current Perfumery business as it enables us to reach a new set of customers, specifically mid-sized players. Agilex Fragrances serves them across North America with a best-in-class operating model tailored to their needs.”
“We believe that this acquisition will be beneficial to Firmenich and Agilex Fragrances. Therefore we are confident it should open up new job opportunities going forward,” he adds.
“This is an exciting time for our industry,” claims Villoutreys. “We believe there is tremendous potential for our business, and the industry at large, particularly in the areas of naturals, delivery technologies and breakthrough innovation to advance sustainable lifestyles.”
Upon closing, Agilex Fragrances will be operating as a stand-alone entity and will continue to design worldclass fragrance solutions for mid-sized customers. With the new manufacturing center’s latest automated compounding technology and flexible processes, Agilex Fragrances will take its innovation and turnaround times to new levels of excellence.
Financial terms of the deal have not been disclosed. The completion of this transaction is subject to clearance by the relevant regulatory authorities and is expected to close prior to year-end 2017.
by Elizabeth Green
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