The Iberchem Group, a part of Croda International Plc will purchase French perfume home Parfex SA. A purchase order worth was not disclosed. Based in Grasse, France, Parfex will play an vital position in Iberchem’s plan to extend its providing of sustainable and pure licensed fragrances whereas internet hosting a brand new inventive centre for the Group’s nice perfume actions, in line with Iberchem. In addition, the acquisition enhances Iberchem’s presence within the European market and, due to Parfex’s Grasse location, will increase its portfolio of naturally sourced substances focused at premium markets. “We imagine that transitioning to extra pure uncooked supplies is a possible differentiator within the perfume market,” defined Croda CEO Steve Foots. “Parfex will play an vital position in Iberchem’s plans to extend its sustainable perfume choices and additional enhances our place within the creation of higher-value nice fragrances.” Parfex specializes within the creation of fragrances for premium private care and nice perfumery markets. The firm says it has maintained regular development in the course of the previous decade via creativity, reliability of its high-quality operations and the dynamism of its staff. It sells fragrances in greater than 50 international locations worldwide. Parfex will retain its unbiased identification inside the Iberchem Group, preserving its present construction. However, it is going to now profit from each Croda and Iberchem’s technical experience, monetary assist, and worldwide gross sales community, which can permit it to satisfy new development alternatives.“With nice satisfaction we change into a part of Croda and change into the premium model of their dynamic perfume division Iberchem” stated Kurt Tschopp, normal supervisor of Parfex. “I’m keen about this deal which presents new horizons to our firm and assures its future. Thanks to the quite a few synergies between the three firms, we have now important alternatives to speed up our development. We’ll deal with our ardour to proceed to create fragrances with excessive shopper acceptance, service our prospects and reinforce our model internationally”.Iberchem’s acquisition of Parfex is its first since becoming a member of Croda in November 2020.”This acquisition is a cornerstone within the development plan of the corporate,” stated Ramón Fernández, CEO of Iberchem Group. “With its historical past and abundance of pure uncooked supplies, Grasse is a world-renowned French city which is particularly related for any perfume home. Parfex will additional improve our portfolio of sustainable and pure fragrances, serving our ambition to rank among the many leaders of this business.”
