Givaudan to Acquire Majority stake in Brazilian Fragrance House Vollmens Fragrances
Saltinho, Brazil – June 27, 2025 – In a strategic move to bolster its 2025 growth plan and expand its reach to local and regional customers, Givaudan, a global leader in fragrance and beauty, has announced a definitive agreement to acquire a majority stake in Vollmens Fragrances Ltda, a highly-regarded Brazilian fragrance house [[1]].
Founded in 2004 and based in Saltinho, Brazil, Vollmens Fragrances operates extensively throughout Latin America, Central America, Africa, and North America. The company employs 180 professionals dedicated to delivering creative, high-quality fragrance products with agility and customer focus.Key Highlights of the Acquisition:
strategic Alignment: The acquisition directly supports Givaudan’s 2025 strategy focused on expanding its presence with local and regional customers [[1]].
Latin American Growth: This partnership is expected to significantly strengthen Givaudan’s business in the high-growth Latin American market [[1]].
Continued Leadership: nestor Francisco Mendes and Rinaldo José Mendes, the founding family executives, will continue to lead Vollmens Fragrances following the acquisition [[1]].
Financial Impact: Vollmens Fragrances’ business is projected to contribute approximately CHF 25 million in incremental sales to Givaudan’s 2024 results on a proforma basis [[1]].
* transaction details: Givaudan will fund the transaction using existing resources, with the deal expected to close in the second half of 2025.The agreement includes an option for Givaudan to potentially increase its shareholding in the future [[1]].Executive Statements:
“Acquiring a majority stake in Vollmens Fragrances fits perfectly with our 2025 strategy…,” stated Gilles Andrier, CEO of Givaudan
