July 24, 2019 / 4:55 AM / a month ago

BRIEF-Givaudan To Acquire Drom

July 24 (Reuters) - Givaudan SA:

* GIVAUDAN MEDIA RELEASE: GIVAUDAN TO ACQUIRE DROM

* DROM IS HEADQUARTERED NEAR MUNICH IN GERMANY AND HAS MANUFACTURING FACILITIES IN CHINA, GERMANY, THE USA AND BRAZIL

* TERMS OF THE DEAL HAVE NOT BEEN DISCLOSED

* GIVAUDAN PLANS TO FUND THE TRANSACTION FROM EXISTING RESOURCES

* DROM’S BUSINESS WOULD HAVE REPRESENTED APPROXIMATELY EUR 110 MILLION OF INCREMENTAL SALES TO GIVAUDAN’S RESULTS IN 2018 ON A PROFORMA BASIS Further company coverage: (Berlin Speed Desk)

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