Written on: September 26, 2019 by SprayTM
Perfume and flavor company Firmenich has reached an agreement with First Eagle Investment Management to acquire its client’s 17% stake in Robertet.
“Firmenich has the greatest respect for Robertet, with its family values, long-term vision of the industry and leading capabilities in natural ingredients,” said Patrick Firmenich, Board Chairman of Firmenich. “As a long-term oriented shareholder, this investment reflects Firmenich’s commitment to best support Robertet’s continued growth.”
“With its strong naturals portfolio in Perfumery, Flavors and Ingredients, Robertet is well positioned to benefit from consumers’ continued demand for authentic natural products,” said Gilbert Ghostine, CEO of Firmenich. “This investment is fully in-line with our vision for sustainable and natural solutions.”
Firmenich said it is prepared to be a passive long-term shareholder of Robertet alongside the Maubert family. Financial terms of the deal were not disclosed.