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Acquisition of a family player who shares Robertet’s long-term vision
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Development of the flavors activity in India
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Additional industrial capacities to serve customers in Asia
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Strengthening presence in East Africa
Grasse, December 1, 2023 –
The Robertet Group, world leader in natural raw materials, announces the signing of an agreement for the takeover and progressive acquisition of Sonarome, a major player in flavors in India. With this operation, Robertet continues its internationalization strategy and its development in flavorings for food and drinks by strengthening its offering in India where it was already present in perfumes. Robertet is also expanding its geographic footprint in Southeast Asia and East Africa, which constitute promising markets in these sectors.
Sonarome, industrial nugget of aromas in India
Sonarome, located in Bangalore, has been run by the Gulhati family since its inception in 1979. Driven by high-quality products, the company has more than 100 employees and maintains long-standing relationships with industry leaders.
Sonarome has significant modern and certified industrial production capacities. The company is recognized for its R&D strategy, its flavorists and their creative expertise as well as its deep knowledge of local trends.
Sonarome reached more than 15 million euros in turnover in 2022 and has recorded double-digit annual growth for three years. Before the acquisition by the Robertet Group, Sonarome was jointly owned by the Gulhati family and IFF. To ensure business continuity, Robertet will entrust Mr. Nitesh Gulhati with the management of Sonarome.
Robertet, an increased presence to become one of the major players in the flavors market in India
Driven by strong local trends and a historic and growing attraction for natural products, India is among the world’s main consumer markets and is also one of the leading producers of natural ingredients.
Robertet has already been established in Mumbai for 20 years. Development has accelerated significantly over the last five years with the successful integration of Goldfield Manufacturing Pvt Ltd, an Indian company specializing in perfumery.
The success of the targeted acquisition strategy
The strategic acquisition of Sonarome marks the 6
th
Robertet’s external growth operation in 5 years. Robertet’s performance demonstrates the relevance of its development model, which combines solid organic growth and targeted acquisitions of local gems.
Jérôme Bruhat, general manager of Robertet, declares:
“We are proud to welcome Sonarome to the Robertet Group. This historic acquisition is part of our internationalization strategy and represents a milestone in our development in India and Asia. With our unique positioning in natural products, new local industrial capacities and reinforced expertise in flavors, we will have the assets to become a major player in this specific market. »
Nitesh Gulhati, Chairman and CEO of Sonarome comments
:
“We are delighted to join forces with those of Robertet, a family group that resembles us. Our shared culture of creative excellence combined with our expertise in the Indian market gives us a unique positioning to serve our loyal customers. I look forward to supporting Robertet in its expansion in India. »
Arthur le Tourneur d’Ison, director of growth at Robertet adds
:
“I am excited about the opportunity to strengthen our presence in India alongside the Gulhati family and the talented Sonarome teams. This merger with a family business, which shares the same values of agility, high quality and long-term vision, is in keeping with the Robertet spirit. »
About the Robertet Group
Robertet SA was founded in 1850 in Grasse and is the world leader in natural products. Based in France and majority family-owned since its creation, the Robertet Group is still controlled by the Maubert family and is the only perfume, flavor and ingredient company fully integrated throughout the entire creative process, since the source to the final scent or aroma. Today, the Robertet Group is represented in more than 50 countries, has more than 2,200 employees worldwide and offers its customers a range of more than 1,350 natural materials and products created in one of its 14 production centers. global creation. In 2022, the Robertet Group achieved an overall net turnover exceeding 700 million Euros.
www.robertet.com
About Sonarome
Sonarome was founded in the southern city of Bangalore, India in 1979 by Mr. Trilok and Ms. Ramandeep Gulhati and specializes in the manufacturing of flavors and perfumes. A pioneer in the implementation of international standards, Sonarome has become known for its quality, reliability and sense of innovation. With a wide range of products including emulsions, flavors, spices, encapsulated flavors, fragrances and natural colors, Sonarome continues to expand its market share in India, Africa and the Middle East. Sonarome is recognized for its savory products, dairy products and nutraceutical products across India and counts leading brands among its clients. Sonarome is today managed by the second generation of the Gulhati family.
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