VERNIER, SWITZERLAND — Givaudan has agreed to acquire Ungerer & Co., a flavor, fragrance and specialty ingredients company based in Lincoln Park, N.J. Ungerer & Co. operates in more than 60 countries and has eight manufacturing facilities and six research and development centers. The company’s business in 2018 would have represented about $250 million of incremental sales to Givaudan’s results on a pro forma basis.
“The acquisition of Ungerer fits very well with our long-term strategy for our core business in flavors and fragrances,” said Gilles Andrier, chief executive officer of Vernier-based Givaudan, when the transaction was announced Nov. 8. “They have an excellent reputation in the market, thanks to the quality of their specialty ingredients as well as their strong position in the fast growing local and regional customer segment.”
Terms of the transaction, which is expected to close in the first quarter of 2020, were not disclosed. Ungerer & Co., founded in 1893, has been family-owned for five generations.
“I am very proud of all that Ungerer has accomplished throughout its 125 years as an independent company, and we are confident that the company will continue to flourish as part of Givaudan,” said Barbara Voorhees, controlling owner. “We believe that we have a strong set of shared values with Givaudan and that this transaction represents a very positive step for Ungerer’s customers and employees. I know that my late husband, Gary Voorhees, would be immensely satisfied to see the company that he led with integrity for many years join forces with the industry leader, Givaudan.”