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Consolidation in the fragrance supply chain.
July 24, 2019
By: Christine Esposito
Editor-in-Chief
Givaudan has announced plans to acquire venerable fragrance company, Drom. Founded in 1911, Drom is a global perfume house creating fragrances for consumer products and fine fragrance customers. Headquartered near Munich, Drom has manufacturing facilities in China, Germany, the US and Brazil and employs 489 people globally. While terms of the deal have not been disclosed, Drom’s business would have represented approximately €110 million of incremental sales to Givaudan’s results in 2018 on a...
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