The deal marks Iberchem’s first acquisition since becoming a member of Croda International in November 2020 and additional deepens the fragrance portfolio inside Croda.Under the deal, Parfex – established in 1985 and based mostly in Grasse, France – would keep its unbiased id, benefiting from the technical experience, monetary assist and worldwide gross sales networks of Croda International and the Iberchem Group.Natural uncooked supplies a ‘potential differentiator’ in fragrancesImportantly, Parfex’s location within the respected perfumery Grasse area of France would see Iberchem and Croda’s fragrance portfolio edge additional into naturally sourced elements focused at premium markets.Ramón Fernández, CEO of Iberchem Group, stated the deal was “a cornerstone” within the firm’s development plan.“With its historical past and abundance of pure uncooked supplies, Grasse is a world-renowned French city which is particularly related for any fragrance house. Parfex will additional improve our portfolio of sustainable and pure fragrances, serving our ambition to rank among the many leaders on this business,” Fernández stated.The acquisition would additionally see Iberchem safe a brand new artistic centre in Grasse for advantageous fragrance actions.Steve Foots, CEO of Croda International, stated: “We consider that transitioning to extra pure uncooked supplies is a possible differentiator within the fragrance market. Parfex will play an essential function in Iberchem’s plans to improve its sustainable fragrance choices and additional enhances our place within the creation of higher-value advantageous fragrances.”Last yr, Swiss fragrance main Firmenich additionally gave a agency nod to naturals, renewables and sustainability with the acquisition of French plant ingredient specialist Les Dérives Résiniques et Terpéniques (DRT) and the opening of a 3rd perfumery workshop in Grasse. L’Oréal-owned Lancôme additionally acquired a four-acre natural rose property within the Grasse area that aimed to shift its zero waste ambitions up a gear, offering further acreage to advance science and growth of pure lively elements for fragrances and skincare.Interested in zero waste, renewables and sustainability?Join CosmeticsDesign subsequent week for an unique free-to-attend webinar on Circular Beauty to focus on future alternatives in inexperienced chemistry, sustainable sourcing and eco-design. We’ll be joined by government consultants from Garnier, TerraCycle, Beauty Kitchen, Cradle to Cradle and The Green Chemist Consultancy to decide aside how magnificence, together with fragrances, could make circularity a actuality.Iberchem European fragrance increase, Parfex worldwide accelerationBack in 2020, 83% of Iberchem’s whole gross sales had been made up from rising markets, with enterprise particularly sturdy in Africa, the Middle East, Latin America and Asia-Pacific. So, the deal to acquire Parfex, with its “privileged location” in Grasse, would additionally strengthen Iberchem’s presence within the European fragrance market.For Parfex, Croda International and Iberchem’s international community would construct its model internationally.Kurt Tschopp, common supervisor of Parfex, stated the corporate was happy to be a part of Croda and turn into the “premium model” inside its “dynamic fragrance division” Iberchem.“Thanks to the quite a few synergies between the three firms, we now have important alternatives to speed up our development. We’ll deal with our ardour to proceed to create fragrances with excessive client acceptance, service our prospects and reinforce our model internationally,” Tschopp stated.
