Firmenich has announced that it is to acquire Agilex Fragrances for an undisclosed sum. The transaction is expected to complete by the end of the year.
The mid-sized US firm is headquartered in New Jersey and is known for designing creative fragrances in record time.
“Agilex’s fit-for-purpose business model is a winning blueprint to serve mid-sized businesses, combining proprietary, tailored solutions with an agile service model,” said Gilbert Ghostine, CEO Firmenich. “I look forward to seeing how our global creativity and innovation capabilities, as well as, consumer understanding will open up new opportunities for Agilex and their customers.”
“By joining the Firmenich Group, with its global reach and cutting-edge creativity and research, we will take our company to new heights,” added Ray Hughes, CEO, Agilex Fragrances. “Our shared ambition is to design unique fragrances for our customers while furthering our industry-leading agility and speed-to-market.”