Swiss perfume maker Givaudan has entered exclusive negotiations to acquire Expressions Parfumées.

The acquisition is part of Givaudan’s 2020 strategy to expand the capabilities of its fragrance business. It is expected to be completed in the first half of 2018.

Givaudan plans to use existing resources to fund the deal, but the terms of the transaction remain undisclosed.

“The acquisition is part of Givaudan’s 2020 strategy to expand the capabilities of its fragrance business.”

Givaudan CEO Gilles Andrier said: “Acquiring Expressions Parfumées will fit nicely with our 2020 strategy to expand our presence with local and regional customers, and grow our capabilities in natural ingredients.”

Givaudan Fragrance Division president Maurizio Volpi added: “Expressions Parfumées will bring to Givaudan a true expertise in managing the fast growing segment of smaller customers.

“We will also enrich our respective palettes of ingredients, where they will bring additional expertise in naturals while Givaudan will share its large number of exclusive molecules and technologies.”

Based in Grasse, France, Expressions Parfumées operates throughout Europe, Africa and the Middle East with around 200 employees worldwide.