Swiss company Givaudan has reached an agreement to acquire a majority stake in Eurofragance, a Barcelona-based group specialized in the creation and production of fragrances. The economic terms of the transaction have not been disclosed and the closing is subject to regulatory approvals.
The transaction will enable Givaudan to strengthen its presence in high-growth regional markets and expand its capabilities in fine fragrance, personal care and home fragrances. Eurofragance, founded by the Sabatés family, will continue to operate as an independent brand and maintain its current organizational structure.
As part of the agreement, Santiago Sabatés will remain linked to the company as a shareholder and chairman. “We are convinced that partnering with Givaudan opens a new chapter for Eurofragance,“ said the executive, who stressed that the alliance will allow the company to “reach new heights and continue to innovate and create exceptional fragrances.“
For his part, Maurizio Volpi, president of fragrances and beauty at Givaudan, stressed that Eurofragance has “deep roots in Fine Fragrance and strong relationships in high-growth markets.“ According to the executive, the integration will help strengthen both companies’ capabilities in fragrance development.
Givaudan estimates that the Eurofragance business would have contributed 198 million euros to the group by 2025
The Swiss multinational has valued the Eurofragance business at 185 million Swiss francs (about $234 million at current exchange rates) corresponding to its sales in 2025. However, neither the exact percentage acquired nor the amount paid has been disclosed, so it is not possible to reliably estimate the implicit valuation of the Spanish company.
Givaudan is the world’s largest fragrances and fragrances group. The company closed the 2025 financial year with sales of 7.472 billion Swiss francs (around $9.4 billion), an organic growth of 5.1%, while the Fragrances and Beauty division increased its revenues by 7.9%, driven especially by the performance of fine perfumery. The group also posted a net profit of 1.07 billion Swiss francs.
Founded in Barcelona in 1990, Eurofragance specializes in the development of fragrances for perfumery, personal care, home and air freshening. The company employs more than 600 people, operates production centers in Spain, Singapore and Mexico and has a commercial presence in Europe, the Middle East, Asia, Africa and Latin America. The company closed 2025 with sales of €180 milliondriven by the rebound of its perfumery sales, which grew by 28% compared to 2023. In 2025, as reported by Givaudan, they reached sales of €198 million, up 10%.
forwarded from Swiss Giant Givaudan Seizes Control of Spanish Fragrance House Eurofragance | Modaes Global