[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Key milestones in Givaudan SA's journey to becoming the world's largest flavour and fragrance manufacturer (1895)

26-05-2023

(Worldkings.org) Givaudan is a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients. It is the world's largest company in the flavour and fragrance industries.

Givaudan SA, based in Vernier, Switzerland, is the world's largest manufacturer of flavors and fragrances. The company has subsidiaries, is represented at over 181 locations in Europe, Africa and the Middle East, North America, Latin America and Asia Pacific. It employs almost 15,800 people worldwide. In terms of market capitalization, it is one of the 30 largest listed companies in Switzerland.

The Company's fragrances and flavors are developed for food and beverage manufacturers and are also used in household items, shaving and personal care products and perfumes. The company has locations in Europe, Africa and the Middle East, North America, Latin America and Asia Pacific.

The company has two business areas:

  • Taste & Wellbeing offers flavours, taste, functional and nutritional solutions for the food industry (savoury, dairy, sweets and beverages).
  • Fragrance & Beauty creates fragrances and develop beauty and wellbeing solutions for personal care, fabric care, hygiene, home care, fine fragrances, and beauty.

 

The company’s milestones:

1895: The company was founded as a perfumery company in Lyon, France by Leon and Xavier Givaudan.

1898: Givaudan moved to Geneva, Switzerland and constructed a factory in Vernier.

1946: Givaudan opened a perfumery school, which trained a third of the world's creative perfumers.

1948: Givaudan entered the flavours business with the acquisition of Esrolko SA.

 

1949-1955: Givaudan expanded to Latin America.

1972: Givaudan's original United States fragrance headquarters, in Teaneck, New Jersey, was built in 1972 from a design by Der Scutt, architect of the Trump Tower. The company later moved to East Hanover, New Jersey.

1991: Givaudan and Roure merged under Hoffmann-LaRoche.

1995: Givaudan invested in Asia and expands in high growth markets.

1997: Acquisition of US flavours company Tastemaker, making Givaudan-Roure the world’s largest flavours organisation.

2000: Givaudan-Roure split from Hoffmann-LaRoche and changed its name to Givaudan SA, which is listed on the Six Swiss Exchange.

 

2007: Acquisition of Quest International, enabling Givaudan to become the undisputed leader in flavours and fragrances.

Since2014: Givaudan has acquired around 20 companies, among them Naturex, the cosmetics business of AMSilk, Albert Vieille, Fragrance Oils, and Golden Frog.

2020: Givaudan had sales of CHF 6.3 billion with an overall market share of 25%.

2022: Givaudan, the mechanical engineering company Bühler, and Migros want to open the Cultured Food Innovation Hub in Kemptthal. Research is also to be carried out there on cultivated meat.

 

According to Wikipedia & givaudan.com


Kyna ( Collect) - WORLDKINGS (Source of photos: Internet)

 

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