The Maubert family, which owns Robertet through the holding company Maubert SA, is strengthening its control of the supplier of natural ingredients for fragrances and flavors. Robertet has announced the entry of the Fonds Stratégique de Participations (FSP), managed by ISALT, and Peugeot Invest as shareholders.
The two new investors, each of them having acquired a 7.1% stake in Robertet, have enabled the divestment of the bulk of dsm-firmenich’s stake, in a transaction (by way of an accelerated bookbuilding) that expands the company’s free float.
This investment involves agreements with Maubert SA aimed at strengthening Robertet’s governance, shareholder structure, and independence over the long term. The FSP and Peugeot Invest are to join Robertet’s Board of Directors as independent members, with the support of Maubert SA.
Furthermore, the Maubert family is reinforcing its ownership by acquiring investment certificates from dsm-firmenich for EUR 7.5 million.
“Robertet is delighted to welcome, alongside the Maubert family, the FSP and Peugeot Invest, two new investors confident in its unique and sustainable business model. As a family-controlled industrial company listed on the stock market, Robertet confirms once again its commitment to independence,” commented Philippe Maubert, Chairman of Robertet’s Board of Directors.
“A new, stable group of shareholders supportive of our vision is a unique asset for Robertet’s future success. Their backing will allow us to reinforce our leadership in natural raw materials, expand our international presence, and invest in ambitious projects to serve our clients with high-quality, innovative, and sustainable products that have established our reputation,” added Jérôme Bruhat, Chief Executive Officer of Robertet.
Firmenich acquired a stake in Robertet in 2019, through an agreement with the US-based assets management firm First Eagle Investment Management. Following on from this, Givaudan, another key player in the sector, announced in February 2020 its acquisition of a minority stake in Robertet. Today, Givaudan holds around 6% of the capital of the Grasse-headquartered group.
Founded in 1850 in Grasse, France, by the Maubert family, Robertet is a key player in the flavors and fragrances sector, with a leading position in the segment of natural ingredients. The company, which recently announced the acquisition of Phasex in the United States, generated over EUR 720 million in revenue in 2023, with more than 80% from international operations.