Parfex will strengthen Iberchem's offering in natural and sustainable fragrances, while hosting a creation center for the group's fine fragrance division.
The Iberchem Group, part of Croda International Plc, announced today that it has signed an agreement to acquire the French perfumery company Parfex S.A. ("Parfex"). Based in Grasse, France, Parfex will play an important role in Iberchem's plan to expand its offering of certified sustainable and natural fragrances, while hosting a new creation center for the group's fine fragrance activities. In addition, the acquisition strengthens Iberchem's presence on the European market and, thanks to Parfex's privileged location, enhances its portfolio of natural-origin ingredients for high-end markets. Iberchem's acquisition of Parfex is its first since joining Croda in November 2020.
Established in Grasse in 1985 and today employing 75 people, Parfex specializes in the creation of fragrances for the high-end cosmetics and fine perfumery markets. The company has maintained steady growth over the past decade thanks to its creativity, the reliability of its high-quality operations and the dynamism of its team. It now sells its fragrances in over 50 countries worldwide. Parfex will retain its independent identity within the Iberchem Group, as well as its current structure. However, it will now benefit from the technical expertise, financial support and international sales network of Croda and Iberchem, enabling it to seize new growth opportunities.
Steve Foots, Managing Director of Croda, said: "We believe that the transition to more natural raw materials is a potential differentiator in the fragrance market. Parfex will play an important role in Iberchem's plans to expand its sustainable fragrance offering, and further strengthens our position in the creation of higher value-added fine fragrances."
"This acquisition is a cornerstone of the company's growth plan," said Ramón Fernández, CEO of the Iberchem Group. "With its history and abundance of natural raw materials, Grasse is a world-renowned French city particularly relevant to any perfume house. Parfex will further strengthen our portfolio of sustainable and natural fragrances, serving our ambition to rank among the leaders in this industry."
"It is with great satisfaction that we integrate Croda and become the premium brand of their dynamic Iberchem fragrance division," said Kurt Tschopp Managing Director of Parfex. "I'm very excited about this agreement, which opens up new horizons for our company and secures its future. Thanks to the many synergies between the three companies, we have significant opportunities to accelerate our growth. We will focus on our passion to continue to create fragrances that are highly appreciated by consumers, to serve our customers and to strengthen our brand on an international scale".
