Robertet Group acquires Bengaluru-based Sonarome for close to Rs 500 crore

In a strategic move to bolster its presence in the Indian market, French fragrance powerhouse Robertet Group has successfully acquired Bengaluru-based flavor company Sonarome for an estimated Rs 404-584 crore. The acquisition, completed on December 1, marks a significant milestone for Robertet Group, known for its expertise in natural raw materials for flavor, fragrance, and active ingredients used in health and beauty products.

Jerome Bruhat, CEO of Robertet Group, confirmed the acquisition, describing it as a debt finance deal. The company secured shares from two major stakeholders, IIF and the Gulhati family. Majority shares from IIF and partial shares from the Gulhati family have been acquired, with an additional agreement in place to purchase the remaining shares from the Gulhati family over the next eight years.

The acquisition of Sonarome represents Robertet Group's second major investment in India, following the acquisition of Mumbai-based Goldfield Fragrances five years ago. This move also led to the establishment of a wholly-owned subsidiary, Robertet India.

"This acquisition is one of the most significant for Robertet Group in the last three years. Sonarome's specialisation in local flavors complements our business in India perfectly," stated Jerome Bruhat.

Sonarome, founded in 1979, has carved a niche for itself in local flavors, making it an ideal fit for Robertet Group's expansion strategy in India. The previous acquisition of Goldfield Fragrances played a pivotal role in accelerating Robertet Group's business in India's fragrance sector.

Recognising the increasing demand for natural raw materials in flavors and fragrances, Robertet Group views the eastern market, especially India, as a lucrative opportunity. The acquisition of Sonarome positions the company strategically to capitalise on this growing demand and further solidify its position as a global leader in the fragrance and flavor industry.

(With PTI inputs.)