Zivoden ( fr. Givaudan , Givaudan SA ) is a Swiss company, the world's largest [1] manufacturer of food flavors and perfume compositions ( fragrances ) for the perfume industry , cosmetics and household chemicals . Headquartered in Vernier [2] , Switzerland .
Givaudan sa | |
---|---|
Type of | Public company |
Listing on the exchange | |
Base | 1796 |
Location | Switzerland : Vernier |
Key figures | Gilles Andrier , CEO Jurg Witmer , Chairman of the Board of Directors |
Industry | Flavor production |
Products | food flavors, perfumes |
Turnover | ▼ CHF 3,959 million ( 2009 ) |
Operating profit | ▲ CHF 460 million ( 2009 ) |
Net profit | ▲ CHF 199 million ( 2009 ) |
Number of employees | 8.501 (December 31, 2009 ) |
Affiliated companies | |
Auditor | Deloitte Touche Tohmatsu |
Site | www.givaudan.com |
companies create flavors for the production of beverages, confectionery, dairy products, meat processing and other segments of the food industry. Also, they are engaged in the development of integrated systems for the food industry, such as reducing the salt content of products, reducing the sugar content, etc.
The perfumers of the company are engaged in the creation of perfume compositions for air fresheners, detergents , laundry detergents and other ingredients for washing , home fragrances, and also “high perfumes” for the most leading world brands.
Content
History
The company Zhivodan was founded by brothers Leon and Xavier Zhivodan in Vernier , which in the vicinity of Geneva , as a perfume company in 1895 , although some parts of the modern company originated in 1796 . In the 1960s, the company entered the business of food flavors, keeping up with the times and changes in the style of food, when fast food became more and more popular.
In 1963, Zhivodan was acquired by Hoffmann – La Roche Corporation, and in 1964, Hoffmann-La Roche acquired one of the competitors of Zivodan - Roure . Both companies existed independently before the reorganization of 1991 , when the structure of Givaudan-Roure was formed. Also in 1991, the company absorbed Fritzsche, Dodge and Olcott [3] , an American manufacturer of fragrances and fragrances, which began in the late 1700s.
In 1997, Zhivodan acquired another Tastemaker "fragrance house" headquartered in Cincinnati , Ohio , thus becoming the world's largest fragrance producer. Zhoudan's facilities in Cincinnati became for the company its head office for the entire North American region.
In 2000, Givaudan-Roure separated from its parent company, returned to its original name “Zivodan” and was nominated on the Swiss Exchange (Code GIVN.VX) [4] , being part of the SLI index [5] (Swiss Leader Index) [6] .
In 1992, Zhivodan acquired FIS, the Nestlé aromatic division.
On November 22, 2006, the company announced the purchase of Quest International [7] , which was completed in the first quarter of 2007 . On February 21, 2007, the deal was approved by the European Commission , and the US authorities approved the deal a month earlier. The transaction was completed on March 2, 2007 [8] , becoming the largest transaction in the entire history of the global industry of taste and aroma. Thanks to this acquisition, Zhivodan has become a world leader in both segments of its activities - food flavors and perfume compositions.
The acquisition of Quest International allowed Livestock to make a leap in its financial performance - increasing its turnover by 42% - from 2.909 million Swiss francs to 4.132 million in 2007. [9]
Key Dates in Livestock History
Key dates in the history of Zhivodan | ||
---|---|---|
1895 | Foundation of the company Leon and Xavier Jivodan | |
1898 | Foundation of chemical production in Vernier, Switzerland | |
1917 | Construction of a plant in Lyon , France | |
1924 | Opening of facilities in Clifton , NJ | |
1946 | Zhivodan opens its perfume school | |
1950 | Opening of factories in the UK and Brazil | |
1960 | Opening production in Spain | |
1963 | Livestock purchased by pharmaceutical giant Hoffmann – La Roche | |
1964 | Hoffmann – La Roche acquires Roure | |
1989 | Livestock acquires Reidel-Arom | |
1990 | Livestock gains Fritzche, Dodge & Olcott | |
1991 | The company combines with Roure | |
1992 | FIS acquisition from Nestlé | |
1995 | Zhivodan-Roure founds division in Shanghai , China | |
1997 | Livestock acquires Tastemaker | |
2000 | Livestock is separated from Roure, created by Givaudan SA | |
2007 | Acquisition of Quest International |
Mergers and Acquisitions
The modern company Livesdan is the result of many years of numerous mergers and acquisitions, the most significant of which is the acquisition of Quest International (2007), FIS (1992), Tastemaker (1997) [10] . Despite numerous suspicions about the imminent purchase of a new company, Zhivodan is not in a hurry to make such decisions, one of the reasons for this is that the company is still busy digesting Quest International’s purchase and finalizing its integration into the Zivodan general structure [11] .
Departments Livestock
The company Zhivodan divides its activities into two main areas - the production of flavors for the food industry and the production of fragrances (perfume compositions) for the production of cosmetics , perfumes and household chemicals .
From the point of view of doing business and solving commercial issues, both departments operate completely independently of each other, although the management of legal and financial issues is one.
Food Flavors
Odorants
Zhivodan - one of the most recognized perfume companies in the world, leading in the industry of perfume compositions. Despite the fact that the work on consumer products is secret, the department for the development of fine fragrances is well known for creating the first designer fragrance for Elsa Schiaparelli in 1934 . Recently, designers such as Calvin Klein , Bijan , Tom Ford , Marc Jacobs , Ralph Lauren , Hugo Boss , Paco Rabanne , as well as celebrities such as Michael Jordan and Nina Richie created their own perfumes with perfumers Zhivodan.
Company Management
Board of Directors
The board of directors Zvododan provides primary management of the company, strategic observation and control over the management of the company, as well as other issues that, according to Swiss law, are under his responsibility. This includes the establishment of medium and long-term strategies and directives that guide company policy and provide the necessary instructions to the Executive Committee.
- Jürg Witmer - Chairman of the Board of Directors
- Andre Hoffman
- Dietrich Furman
- Peter Cappeler
- Thomas Rufer
- Nabil Sakkab
- Henner Scherenbeck
- Irina Du Bois (from April 2010, the first woman on the Board) [12]
Executive Committee
The Executive Committee, under the leadership of the CEO , is responsible for all operational areas of the company, which are not the sole prerogative of the Board of Directors.
- Gilles Andrier - CEO
- Maurizio Graber - President of Food Flavors
- Michael Carlos - President of the Department of Perfume Compositions
- Matias Waren - CFO
- Adrien Gonkel - Information Technology
- Joe Fabri - Human Resources
Main competitors
According to the company, its main competitors are:
- IFF (International Flavors and Fragrances)
- Firmenich
- Symrise
- Takasago
- Lori
- Frey & lau
Nevertheless, in each of the countries, the situation with competition may differ, therefore this list may depend on the degree of presence of one or another competitor in each specific region.
Livesman in the world
Zhivodan has a wide network of divisions and subsidiaries in 46 countries of the world, which serve the company's clients in more than 80 countries [13] .
Europe, Africa, Middle East
America
Asia-Pacific Region
Lived in Russia
Sources
- ↑ Flavor & Fragrance Industry - Top 10
- ↑ Vernier en ligne: Annuaire des entreprises
- Odge Dodge & Olcott, flavorings and fragrance materials for the food industry, perfume and cosmetics industry
- ↑ GIVN | Stock Quotes Givaudan | GIVN Stock Prices (not available link)
- ↑ SIX Swiss Exchange - Givaudan SA
- IX SIX Swiss Exchange - SLI® - the Swiss share index with capped weightings Archived May 14, 2010.
- ↑ Givaudan to acquire Quest International Archived on September 27, 2007.
- ↑ Givaudan announces closing of Quest International acquisition (not available link)
- ↑ 2007 Annual Report
- ↑ Givaudan History Chart
- ↑ CNBC Interview with CEO Gilles Andrier on Quest acquisition
- ↑ Givaudan - Our Company, History and Management (inaccessible link)
- ↑ Givaudan - Engaging The Senses Archived April 12, 2010.