Firmenich Acquires Stake in Natural Flavors Manufacturer

September 26, 2019

2 Min Read
Firmenich Acquires Stake in Natural Flavors Manufacturer

Flavor and fragrance company Firmenich is positioning itself to meet future demand for natural ingredients by acquiring a minority stake in Robertet, a French firm that manufactures fragrances and flavors from natural raw materials.

Geneva-based Firmenich said in a company press release Thursday that it entered into an agreement to acquire 17% of Robertet from First Eagle Investment Management’s advisory clients.

“With its strong naturals portfolio in Perfumery, Flavors, and Ingredients, Robertet is well positioned to benefit from consumers’ continued demand for authentic natural products,” Gilbert Ghostine, the chief executive officer of Firmenich, said in a statement. “This investment is fully in line with our vision for sustainable and natural solutions.”

Following the purchase of the shares, Firmenich will act as a passive, long-term shareholder with the Maubert Family. The Swiss company said it is “open” to discussions on broader collaboration between the two firms or increasing its level of participation. 

“Firmenich has the greatest respect for Robertet, with its family values, long-term vision of the industry and leading capabilities in natural ingredients,” Patrick Firmenich, chairman of the Firmenich board, said in the release. “As a long-term oriented shareholder, this investment reflects Firmenich’s commitment to best support Robertet’s continued growth.” 

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