Firmenich to Acquire Agilex Fragrances
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Geneva, Switzerland – June 14th, 2017 – Firmenich has announced that it is acquiring Agilex Fragrances, a fragrance company in North America serving mid-sized customers. Headquartered in Piscataway, New Jersey, Agilex Fragrances is recognized for designing fragrances and for recently launching a new, state-of-the-art manufacturing center in Somerset County, New Jersey.
“I am delighted to be welcoming Agilex Fragrances within the Firmenich Group”, said Patrick Firmenich, Chairman of the Board, Firmenich. “With their established customer base, recognized best-in-class service levels and proven operational excellence for mid-sized customers in North America, they perfectly complement our Fragrance business.”
“By joining the Firmenich Group, with its global reach and cutting edge creativity and research, we will take our company to new heights,” commented Ray Hughes, CEO, Agilex Fragrances. “Our shared ambition is to design unique fragrances for our customers while furthering our industry-leading agility and speed-to-market.”
“Agilex’s fit-for-purpose business model is a winning blueprint to serve mid-sized businesses, combining proprietary, tailored solutions with an agile service model,” added Gilbert Ghostine, CEO Firmenich. “I look forward to seeing how our global creativity and innovation capabilities, as well as, consumer understanding will open up new opportunities for Agilex and their customers.”
Upon closing, Agilex Fragrances will be operating as a stand-alone entity and will continue to design fragrance solutions for mid-sized customers. Financial terms of the deal have not been disclosed. The completion of this transaction is subject to clearance by the relevant regulatory authorities and is expected to close prior to year-end 2017.