Founded in 1911, Drom is a global perfume house creating fragrances for consumer products and fine fragrance customers. Headquartered near Munich, Drom has manufacturing facilities in China, Germany, the US and Brazil, and employs 489 people globally.
“The acquisition of Drom is very exciting for Givaudan as it further asserts our leadership position in the fragrance market globally and is fully in line with our strategic ambitions,” said Gilles Andrier, CEO of Givaudan. “Like Givaudan, Drom has a long heritage in fragrance creation and their capabilities and strong culture will fit perfectly with ours. We look forward to welcoming Drom’s employees to Givaudan and are confident that our combined capabilities will deliver a compelling valuable proposition for our customers across segments and in key markets.”
Maurizio Volpi, president of Givaudan’s fragrance division, called Drom “a much respected international fragrance house that has developed a strong customer base, in particular with local and regional customers, thanks to their creativity and excellent service levels.” He added, “The complementary nature of both businesses will further enhance our capabilities in serving customers across all segments and geographies.”
Ferdinand and Andreas Storp, co-owners and presidents of Drom, said they are “very excited to have Givaudan as the new home for Drom. We are convinced that the combination with Givaudan represents an outstanding strategic fit and will allow Drom to further expand its customer reach and geographical footprint going forward.”
The planned acquisition remains subject to formal approvals from the relevant regulatory authorities.