Givaudan has signed an agreement with UK-based Imperial Chemical Industries PLC, to acquire its fragrance and flavour business, Quest International for £ 1,200 million or around CHF 2.8 billion. Quest shall extend Givaudan's leadership position in all strategic segments of the fragrance and flavour industry. Givaudan expects to achieve annual synergies of CHF 150 million with full benefits to be realized after year three. The acquisition will be financed by debt and the issuance of up to CHF 1 billion in equity.
The transaction is subject to regulatory approval. It is hoped that completion will take place during the 1st Quarter 2007.
Akzo Nobel completes ICI acquisition
The boards of Akzo Nobel N.V. and Imperial Chemical Industries PLC (ICI) announced that the Scheme of Arrangement has now become effective in accordance with its terms. Under the terms of the Scheme, ICI shareholders are entitled to receive 670 pence for each ICI Share held at the Scheme R ... more
Akzo Nobel: details of proposed ICI acquisition and Organon BioSciences divestment
Akzo Nobel N.V. has published the agenda and accompanying Shareholders' Circular for next month's Extraordinary General Meeting of Shareholders. The Circular relating to the EGM explains that, subject to the approval of the shareholders of Akzo Nobel and ICI, and certain other conditions p ... more
Further proposal from Akzo Nobel to acquire ICI
Akzo Nobel NV confirms that it has made a further indicative proposal to the Board of Imperial Chemical Industries PLC ("ICI") under which Akzo Nobel would acquire ICI for 670p per share in cash. In addition, ICI shareholders would receive a second interim dividend of up to 5p per share p ... more
World's first toxicology testing strategy without animal testing adopted by OECD
The world’s first toxicology testing strategy without animal testing has been approved by the OECD (Organisation for Economic Co-operation and Development). The testing strategy consists of three so-called alternative methods. They can be used to predict whether a substance causes allergic ... more
IIVS Collaborates with BASF and Givaudan to Validate a Non-animal Test for Regulatory Submissions
The Institute for In Vitro Sciences (IIVS), with an established track record in the validation of alternatives to animal testing, is teaming up with BASF and Givaudan to validate an improved skin sensitization reactivity method to address the needs of toxicologists and regulators. Scientist ... more
A Fragrance That Breaks the Rules
Approximately one third of all fragrances on the market contain vetiver oil as a key ingredient, for which no synthetic odorant is commercially available. Instead it has to be distilled from the dried roots of vetiver grass. To find out about the structural requirements of vetiver odorants, ... more
Givaudan is the leading company in the flavours and fragrance industry with a vision to be the Essential Source of Sensory Innovation for customers, driven by a mutual passion for excellence. Through unique sensory expertise and consumer insight, Givaudan provides customers with the taste ... more
Givaudan is the leading company in the flavours and fragrance industry with a vision to be the Essential Source of Sensory Innovation for customers, driven by a mutual passion for excellence. Through unique sensory expertise and consumer insight, Givaudan provides customers with the taste ... more
Givaudan is the leading company in the flavours and fragrance industry with a vision to be the Essential Source of Sensory Innovation for customers, driven by a mutual passion for excellence. Through unique sensory expertise and consumer insight, Givaudan provides customers with the taste ... more
Givaudan announces closing of Quest International acquisition
The acquisition of Quest International, a division of ICI Plc, by Givaudan was closed 2 March 2007, after regulatory approvals were obtained in the U.S. and the European Community. The acquisition was announced on 22 November 2006 at a price of CHF 2.8 billion. Quest shall extend Givaudan' ... more
National Starch, Quest International Contribute $500,000 to Monell Chemical Senses Center
National Starch and Chemical Company and Quest International have contributed $500,000 to help fund a $10.8 million expansion of the Monell Chemical Senses Center in Philadelphia. The contributions from Quest and National Starch, member companies of the ICI Group, will be spread over the ne ... more
Quest International Nederland B.V.
Due to Givaudan's acquisition of Quest International, we have combined. Givaudan is the leading company in the flavours and fragrance industry with a vision to be the Essential Source of Sensory Innovation for customers, driven by a mutual passion for excellence. Through unique sensory ex ... more
