Takasago Acquires Wessel Fragrances

2008-10-23 | 11:12

Building a bigger presence in the U.S.

Takasago has reached an agreement to acquire Wessel Fragrances, Inc., a producer and distributor of fragrance based in Englewood Cliffs, NJ. Terms of the agreement were not disclosed. Wessel had sales of $20.5 million in fiscal 2007.

The acquisition not only boosts Takasago's sales, but also gives it access to Wessel's proprietary technology and close relationships with customers, according to the company. Wessel's customers include marketers in household and personal care and other fields.

In a statement, Takasago said that the synergic effect between Wessel’s customer base and its creative and technical strength will enable Takasago to develop and expand fragrance businesses in global markets, particularly in the U.S.