Houlihan Lokey is pleased to announce that Ungerer & Company (Ungerer) has been acquired by Givaudan SA (Givaudan). Financial terms of the transaction were not disclosed. The transaction closed on February 20, 2020.
This deal represents another successful transaction for Houlihan Lokey in the food and beverage industry.
Headquartered in New Jersey, Ungerer is a leading independent company in the flavor and fragrance specialty ingredients business, most notably in essential oils, which provides a rich palette of predominantly natural ingredients for flavor and fragrance
creation, as well as for end customers of such specialties. Ungerer also has an impressive local and regional customer presence for both flavors and fragrances in North America. Founded more than 125 years ago, Ungerer has developed a strong market
position in all segments and a high-quality reputation with its customer base. With a presence in more than 60 countries, a total of eight manufacturing facilities and six R&D centers, Ungerer’s capabilities and its 650 employees will further extend
Givaudan’s market leadership in its core flavor and fragrance activities.
Givaudan is the global leader in the creation of flavors and fragrances. In close collaboration with food, beverage, consumer product, and fragrance partners, Givaudan develops tastes and scents that delight consumers all over the world. With a passion
to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavors and fragrances that "engage your senses." The company achieved sales of 6.2 billion Swiss francs in 2019. Headquartered in Switzerland
with local presence in over 180 locations, the company has more than 14,900 employees worldwide.
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