30/09/2019 | Ingredients

Firmenich snaps up minority stake in Robertet, boosting its naturals portfolio

Swiss flavour house Firmenich has reached an agreement to take a minority stake in Robertet, a French fragrance and flavour manufacturer that specializes in natural raw materials. The stake represents approximately 17 % of the share capital, at a price of EUR 683.30 per security.

The acquisition of stake in Robertet is in line with Firmenich’s core values of sustainable sourcing. “With its strong naturals portfolio in perfumery, flavours 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 is prepared to be a passive long-term shareholder of Robertet alongside the Maubert Family. The flavour house is also open to discussions for a larger participation or establishing a broader collaboration to support the long-term goals of the company. Should it be invited to do so, the company has announced that it may also consider taking a controlling interest in Robertet.