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Takasago Acquires Wessel Fragrances
Posted: October 22, 2008
Takasago International Corporation announced the purchase of Wessel Fragrances Inc.—a family owned manufacturer of fragrances established in 1988 and based in New Jersey. Wessel, according to the announcment, brings an increased level of expertise to Takasago’s foundation in creativity and technology.
“The acquisition of Wessel Fragrances Inc. further strengthens our position in the home care and beauty care fragrance business in the United States and reaffirms our commitment to global expansion,” said Hiroki Take, president, Takasago Corporation.
“The Wessel focus of targeted clients in the home care and beauty care sectors is wholly aligned with Takasago strategies," said Sean Traynor, president, Takasago International Corp. "In addition, our synergies in creativity and technology will allow us to provide an even greater portfolio of services. Takasago’s philosophy of providing improved products through technology is further complemented by the Wessel acquisition and will result in strengthening our abilities to serve our global clients.”
The transaction is expected to close in November 2008.