Givaudan, the global supplier of flavours and fragrances, has completed the acquisition of Drom. Givaudan had announced that it had reached an agreement to acquire the company in July 2019.
Founded in 1911, Drom is a global perfume house creating fragrances for consumer products and fine fragrance customers across the world. Drom is headquartered near Munich in Germany and has manufacturing facilities in China, the USA and Brazil. The company employs 489 people globally.
While terms of the deal have not been disclosed, Drom’s business would have represented approximately EUR 110 million of incremental sales to Givaudan’s results in 2018 on a proforma basis. Givaudan funded the transaction from existing resources.
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