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Givaudan grows

This article was originally published in The Rose Sheet

Executive Summary

Swiss luxury firm will acquire Quest International, UK-based Imperial Chemical Industries' fragrance and flavor business, for $2.3 bil., it announces Nov. 22. The acquisition will expand Givaudan in all segments of the fragrance and flavor industry, a plan which is "fully in line with Givaudan's strategy to focus on developing markets and to capture opportunities in key segments and at key clients," company says. The decision will help grow the brand in Asia Pacific, Latin America, Eastern Europe, Africa and the Middle East, according to Givaudan. Subject to regulatory approval, the deal is expected to close in Q1 2007...

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