TAGS: Natural/ Organic Perfumes & Fragrances
Firmenich has acquired a minority stake in Robertet, natural and innovative partner of fragrances, flavors and health and beauty products. The company has reached an agreement with First Eagle Investment Management to acquire the stake in Robertet, representing approximately 17% of the share capital at a price of €683.30 per security.
To Provide Authentic Natural Ingredients
Patrick Firmenich, Chairman of the Board of Firmenich, stated, “
Firmenich has the greatest respect for Robertet, with its family values, long term vision of the industry and leading capabilities in natural ingredients. As a long-term oriented shareholder, this investment reflects Firmenich’s commitment to best support Robertet’s continued growth.”
Gilbert Ghostine, CEO, Firmenich, said, “
With its strong naturals’ portfolio in Perfumery, Flavors and Ingredients, Robertet is well positioned to benefit from consumers’ continued demand for authentic natural products. This investment is fully in line with our vision for sustainable and natural solutions.”
The company is prepared to be a passive long-term shareholder of Robertet alongside the Maubert Family. Firmenich is open to having friendly discussions for a larger participation or establishing a broader collaboration to support the long-term success of the company. Firmenich may also consider taking a controlling interest in Robertet, if invited to do so.
Firmenich has filed a declaration of crossing of thresholds and statement of intent with the AMF in accordance with applicable regulations.
Source: Firmenich