Fragrances: Givaudan snaps up majority stake in Brazil's Vollmens
Swiss fragrance and flavor company Givaudan announced on Friday, June 27, that it is expanding its footprint in Latin America by acquiring a majority stake in Brazilian firm Vollmens Fragrances. As part of the transaction, the Swiss group has inked a deal with the Vollmen's founding family. Under the terms of the agreement, Givaudan will have the option to further increase its stake in the future. Nestor Mendes and Rinaldo José Mendes, the current CEOs, will remain at the helm of Vollmens,... - Industry buzz / Latin America
Swiss fragrance and flavor company Givaudan announced on Friday, June 27, that it is expanding its footprint in Latin America by acquiring a majority stake in Brazilian firm Vollmens Fragrances.
As part of the transaction, the Swiss group has inked a deal with the Vollmen's founding family. Under the terms of the agreement, Givaudan will have the option to further increase its stake in the future. Nestor Mendes and Rinaldo José Mendes, the current CEOs, will remain at the helm of Vollmens,...
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Industry buzz
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Latin America
