Firmenich to Acquire Agilex Fragrances

Firmenich is acquiring Agilex Fragrances to better support their mid-sized customers and expand their company.

 

firmenichagilexGeneva, Switzerland - June 14th, 2017 – Firmenich has announced that it is acquiring Agilex Fragrances, a fragrance company in North America serving mid-sized customers. Headquartered in Piscataway, New Jersey, Agilex Fragrances is recognized for designing fragrances and for recently launching a new, state-of-the-art manufacturing center in Somerset County, New Jersey.

“I am delighted to be welcoming Agilex Fragrances within the Firmenich Group”, said Patrick Firmenich, Chairman of the Board, Firmenich. “With their established customer base, recognized best-in-class service levels and proven operational excellence for mid-sized customers in North America, they perfectly complement our Fragrance business.”

“By joining the Firmenich Group, with its global reach and cutting edge creativity and research, we will take our company to new heights,” commented Ray Hughes, CEO, Agilex Fragrances. “Our shared ambition is to design unique fragrances for our customers while furthering our industry-leading agility and speed-to-market.”

“Agilex’s fit-for-purpose business model is a winning blueprint to serve mid-sized businesses, combining proprietary, tailored solutions with an agile service model,” added Gilbert Ghostine, CEO Firmenich. “I look forward to seeing how our global creativity and innovation capabilities, as well as, consumer understanding will open up new opportunities for Agilex and their customers.”

Upon closing, Agilex Fragrances will be operating as a stand-alone entity and will continue to design fragrance solutions for mid-sized customers. Financial terms of the deal have not been disclosed. The completion of this transaction is subject to clearance by the relevant regulatory authorities and is expected to close prior to year-end 2017.

GDA Staff | News & Commentary
LWillis@giftsanddec.com

Lenise Willis, editor in chief; Anne-Marie Earl, managing editor; Alex Herring, senior editor; and Cammie Collier, art director; love reviewing new products for Gifts and Decorative Accessories. The team stays on top of the latest trends in bath and body, candles, gourmet items, stationery, home décor, fashion and more, and love chatting about their latest finds. Check in each week for more of their latest picks on GiftRap, and see more of the team on their new bi-weekly video series, Thoughts That Count.

Buyers Guide Search
Search for Products/Companies

Featured Video

Subscribe to
Gifts & Dec Direct
Receive the news you need to know about the trends in the industry delivered right to your inbox.

AmericasMart ICON Honorees

ICON videos of honorees

Excellence and superior achievement in the home and gift industry were recognized in July at AmericasMart's eighth annual ICON Honors. Enjoy these video stories celebrating the 2017 award recipients: Spicher and Company, Bloomingville, Wolf Gourmet, Her Majesty's English Tea Room, Kurt S. Adler, Inc., and Chris Rosse, Rosse and Associates. See the videos!

CURRENT ISSUE

GDA Cover September 2017

See the September 2017 issue of Gifts & Dec.  We look at how Millennials are changing the tabletop industry, plus what retailers can do to reduce theft. Get details!