Spanish-based fragrance producer Iberchem, which was lately took over by Croda, has signed an settlement to acquire French fragrance house Parfex.
The operation will reinforce Iberchem’s supply of pure and sustainable fragrances whereas internet hosting a brand new inventive centre for the group’s high-quality fragrance division.
Based in Grasse, France, Parfex will assist Iberchem to improve its presence within the European market. Parfex’s privileged location may also assist the Spanish group to enhance its portfolio of naturally sourced elements focused at premium markets.
Established in Grasse in 1985 and now using 75 folks, Parfex specialises within the creation of fragrances for private care and high-quality perfumery markets. The firm has maintained regular progress over the previous decade thanks to its creativity, the reliability of its high-quality operations and the dynamism of its group. It now sells its fragrances in additional than 50 nations worldwide. “Parfex will retain its impartial id throughout the Iberchem Group, preserving its present construction. However, it can now profit from each Croda and Iberchem’s technical experience, monetary assist, and worldwide gross sales community, which can permit it to meet new progress alternatives,” explains Iberchem in an announcement.
Iberchem’s acquisition of Parfex is its first since becoming a member of Croda in November 2020.
“We consider that transitioning to extra pure uncooked supplies is a possible differentiator within the fragrance market. Parfex will play an vital function in Iberchem’s plans to enhance its sustainable fragrance choices and additional enhances our place within the creation of higher-value high-quality fragrances,” mentioned Steve Foots, Croda Chief Executive Officer.
“With its historical past and abundance of pure uncooked supplies, Grasse is a world-renowned French city which is very 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 of this business,” added Ramón Fernández, CEO of Iberchem Group.
