An excellent year of trading ending March 2019 saw CPL Aromas’ group turnover exceed £100m for the first time at £106m, a 17% sales growth compared to the previous year. This was despite a turbulent year where major raw material crises hit the fragrance industry. Good supplier relationships and excellent stock management meant that CPL customer disruption was minimised across the business.
The best sales performances came from a combination of new and mature markets including the Middle East, India, Malaysia, France and North Africa. CPL’s proprietary Aromaguard technology performed strongly across the group. CPL also successfully launched its proprietary Aromacore Plus technology to compliment its already successful Aromacore brand.
CPL Aromas bought and integrated dM Fragrances of Spain, which is now successfully operating as CPL Aromas Spain. This gives CPL an EU manufacturing base for when Britain leaves the EU. The recent acquisition of Aromatic Flavours and Fragrances in the UK also supports the company’s commitment to the UK market post Brexit. CPL Aromas Colombia invested in a new site with state of the art R&D facilities and fully automated manufacturing to support and expand South American markets.
To celebrate reaching such a milestone in turnover CPL Aromas has almost doubled its contribution to CAFOD, its charity partner, to £425K for this financial year.
Chris Pickthall, CPL Aromas’ CEO, commented, “It has been an exceptional year for sales growth, investment in new infrastructure and expansion into new markets. I would like to thank CPL’s talented global team, as without them none of this would have been possible”