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Givaudan is the world's leading company in the flavor and fragrance industry, creating and manufacturing unique and innovative taste and smell solutions. These solutions are developed for global, regional and local food and beverage manufactures as well as household, personal care and fine fragrance companies. Givaudan’s tailor made flavor and fragrance compounds are a differentiating element for its customers’ successful consumer products. The company's flavourists create flavors for beverages, sweet goods, savory and dairy products, as well as ingredient systems. The company's perfumers create fragrances for air care, laundry care, home care products and fine fragrances for the world's most respected brands. Givaudan holds a 25% market share in an industry which is overall valued at around CHF 17 billion, and it is one of Switzerland’s 30 biggest listed companies in terms of market capitalization. In 2008, 8.4% of it sales were reinvested in R&D. The company has a leading presence in all major markets and operates through a network of more than 40 subsidiaries in the mature and emerging markets of Europe, Africa and the Middle East, North America, Latin America as well as Asia Pacific. Major competitors include Firmenich, International Flavors and Fragrances and Symrise. [edit] HistoryGivaudan was founded as a perfumery company in 1895 in Zurich (Switzerland) by Leon and Xavier Givaudan, although some parts of the modern company date back as far as 1796. In 1898 Givaudan moved to Geneva (Switzerland) and constructed a factory in Vernier. In the 1960s, Givaudan entered the flavor business at a time when changing lifestyles was fueling an increased demand for easy-to-prepare meals. In 1937 Givaudan's predecessor Roure created the first designer perfume: Schocking for Schiaparelli. In 1963, Givaudan was acquired by Roche and in 1964, Roche acquired one of Givaudan's competitors, Roure. Both companies flourished independently under Roche until 1991 when Givaudan and Roure were merged to form Givaudan-Roure. Also in 1991, the company bought Fritzsche, Dodge and Olcott, a US based flavor and fragrance company, who’s origins date back to the late 1700’s. In 1997 Givaudan-Roure acquired another flavor company, Tastemaker, based in Cincinnati, Ohio (USA). The merger made Givaudan the largest flavor company in the world and the Tastemaker facility in Cincinnati became Givaudan's new headquarters for its flavor business. In 2000 Givaudan-Roure was spun-off by its parent company as Givaudan and listed on the Swiss Stock Exchange (Code GIVN.VX) where it is part of the SLI. In 2002 Givaudan acquired FIS the flavors division of Nestle. Givaudan's United States fragrance headquarters, in Teaneck, New Jersey, was built in 1972 from a design by Der Scutt, architect of the Trump Tower.[1] On 22 November 2006, Givaudan announced the acquisition of Quest International to be completed Q1 2007.[2][3] On 21 February 2007, the EU approved the merger of Givaudan and Quest clearing the final regulatory hurdle for the merger after the US authorities approved the merger earlier in the month.[4] The merger deal closed on 2 March 2007. The acquisition makes Givaudan the global leader in both fine fragrances and consumer products. Givaudan was already the global leader in flavors and the acquisition of Quest International strengthens their position.[5] The acquisition of Quest boosted Givaudan's sales by 42% from CHF 2,909 million in 2006 to CHF 4,132 million in 2007.[6] [edit] References
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