CPL Aromas' US division agrees to buy fragrance firm Hagelin

Hagelin also has a flavors division which it will concentrate on following the sale of the fragrance arm to the UK-based company.

Although agreed in principle the deal has not been finalised and the company expects the transaction to be completed within the next few weeks.

CPL Aromas already has a production facility in Somerset, New Jersey and the company plans to incorporate the Hagelin business into the plant when the transaction is complete.

It is not long since the New Jersey operations received another boost, in the form of creative perfumer Chris Casale late 2008.

Casale has brought 17 years of experience to the company including work with Swiss company Firmenich.

Managing Director of CPL Aromas America, Nick Pickthall, said the acquisition was an opportunity for the company to strengthen its presence in the North American market.

Over 70 percent of the company’s products are used in brands sold outside the UK, and fifty percent of its staff are located in overseas offices including those in North America, Asia and the Middle East.

The Hagelin fragrance business to be acquired by CPL concentrates on home and personal care which currently makes up 30 and 45 percent respectively of CPL’s production, with fine fragrances at CPL accounting for a smaller 25 percent of production.