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Givaudan Buys French Cosmetics Ingredients Firm Soliance

February 21, 2014: 12:00 AM EST
Givaudan SA said it is in exclusive negotiations to acquire French cosmetics ingredients manufacturer Soliance SA, currently owned by private research institute Agro-Industrie Recherches & Développements. Soliance uses vegetables, microorganisms, and micro-algae to manufacture materials that are used include cosmetics, such as self-tanning lotions and skincare creams. Expected to close in the second quarter, the purchase deal is to be financed by Givaudan using cash on hand.
John Revill, "Givaudan in Talks to Buy Soliance", Wall Street Journal, February 21, 2014, © Dow Jones & Co., Inc.
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