MILAN — Swiss fragrance and flavors supplier Givaudan said Tuesday it has reached an agreement to acquire the cosmetics business of Italian company Indena. Terms of the deal were not disclosed, but the Swiss firm said in a statement it plans to fund the transaction from existing resources.
Headquartered in Milan, Indena is specialized in the identification, development and production of high-quality active ingredients derived from plants, to be used in the pharmaceutical, health food and personal-care industries. Backed up by almost a century of botanical experience, the company counts four manufacturing locations employing around 800 people, sales activities in more than 80 countries and holds more than 100 primary patents.
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