PARIS — Symrise AG has inked a deal to buy Sensient Applied sciences Corp.’s perfume and aroma chemical substances actions to assist broaden the German provider’s pure scent and care actions.
Phrases of the deal weren’t disclosed.
Sensient’s perfume and aroma chemical substances enterprise unit, based mostly in Milwaukee, Wisc., manufactures aroma molecules and smells coming from pure and renewable sources. In 2019, it registered gross sales of about 77 million euros.
Demand for naturals has been mounting steeply from magnificence shoppers and types, particularly these days within the perfume, hygiene and different practical merchandise areas.
“With this acquisition, Symrise will strengthen its backward integration and broaden its management place as a provider of perfume components, that are more and more in demand to be used, particularly in private and home-care merchandise,” the Holzminden, Germany-based perfume and flavors provider mentioned in a press release Monday.
“Symrise will moreover acquire entry to further prospects and strengthen its presence notably in EAME and Latin America,” the group continued. “Going ahead, Symrise plans to additionally strengthen its manufacturing footprint in Spain with focused investments within the manufacturing web site in Granada that might be acquired.”
“With the Sensient actions, Symrise is increasing its vary of perfume components and can thus enhance its competitiveness within the creation of perfume compositions,” Heinz-Jürgen Bertram, chief government officer of Symrise, mentioned within the assertion.
“In view of the rising significance of pure and renewable uncooked supplies for the perfume business, the brand new product vary ideally enhances our present portfolio,” he mentioned.
The Sensient unit provides out of producing websites in Spain and Mexico. Its aroma molecules and perfume options are principally culled from renewable uncooked supplies, reminiscent of citrus byproducts and pine oil.
Sensient’s palette might be utilized in merchandise reminiscent of perfume, shampoo, cleaning soap, detergent and antiperspirants.
“Via this acquisition, Symrise won’t solely be capable to considerably broaden its renewable components portfolio, however to additionally enhance its inexperienced chemistry worth chain, which incorporates varied downstream merchandise coming from sustainable cultivated sources,” Symrise mentioned.
The group mentioned it plans to mix Sensient’s perfume and aroma chemical substances analysis and growth know-how and manufacturing capabilities with parts of its personal on the web site in Granada, Spain.
“Over a interval of three years, focused investments might be made to develop the Granada web site and make it the second-largest compounding facility in EAME for perfume components and compounds,” Symrise mentioned.
Different current offers within the pure ingredient area embody Eurazeo final week revealing that it’s promoting its stake in Iberchem, a Spanish pure perfume and flavors ingredient-maker, to Croda Worldwide, a U.Okay.-based specialty chemical substances concern. Below phrases of the deal, Iberchem was valued at 820 million euros.
For extra, see:
Eurazeo Sells Iberchem to Croda
Firmenich Launches Biotech and Naturals Pilot Plant