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's leadership position in all strategic segments of the fragrance and flavour industry. Quest is one of the leading players in the global flavour and fragrance market with a turnover of GBP 588 million (approximately CHF 1,358 million) in 2006. Quest currently employs around 3,400 people.
Givaudan expects to achieve annual synergies of at least CHF 150 million with full benefits to be realised after year three. The acquisition is financed by CHF 1.9 billion of debt, the issuance of a mandatory convertible bond of CHF 750 million and cash. The addition of Quest will strengthen Givaudan's technology portfolio, by expanding the offerings of taste solutions for Health & Wellness and by adding flavour delivery systems. In Fragrances, Quest will complement Givaudan's customer portfolio and creative image in fine fragrances and in air care.
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 to acquire Quest International
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 ... 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
