Givaudan has entered into exclusive negotiations to acquire 100% of the shares of Soliance SA and its subsidiaries. Soliance is currently a division of ARD (Agro Industrie Recherches & Développements). Soliance provides innovative cosmetic solutions to its international clients and partners and develops high added-value active ingredients, derived from vegetable sources, microorganisms and microalgae. Soliance currently has two sites in France, located in Pomacle and Ile Grande, and employs 77 people.
Givaudan says Soliance has a strong track record of identifying natural molecules which can bring value to its customers and to their consumers. Givaudan plans to fund the transaction from existing resources. The transaction is expected to close in the second quarter of 2014.