December 18, 2017 / 6:02 AM / 4 months ago

Givaudan to buy French fragrance company Expressions Parfumées​

ZURICH (Reuters) - Givaudan (GIVN.S) has entered into exclusive negotiations to buy French fragrance developer Expressions Parfumees for an undisclosed sum​, the Swiss company said on Monday.

The logo Givaudan, the world's biggest fragrance and flavours maker is seen at a plant in Kemptthal, Switzerland July 18, 2016. REUTERS/Arnd Wiegmann

Expressions Parfumees’ business would have represented approximately 56.6 million euros ($66.57 million) of extra sales to Givaudan’s results in 2016 on a proforma basis, Geneva-based Givaudan said.

    Givaudan said it plans to fund the transaction from existing resources and expects to complete the deal in the first half of 2018.

    Reporting by John Revill; Editing by Biju Dwarakanath

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