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Symrise (Holzminden, Germany) has signed an agreement to acquire the remaining shares of Paris/Madagascar-based Aromatics S.A.S. In 2006, Symrise acquired a minority interest in Aromatics—a supplier of natural raw materials such as vanilla, cocoa, coffee and botanical extracts with facilities in Paris, Grasse and Madagascar. After one year of partnership, Symrise will now acquire the remaining shares of the company and own 100% of the Aromatics assets.
Aromatics was founded in 1999 by Michel de Franssu. The acquisition is the latest step in the long-standing business relationship between the two companies. Franssu will take over responsibilities in business development within the Symrise Group and will continue to manage the Madagascar operation.
Of the acquisition, Symrise president of Flavor and Nutrition EAME Heinrich Schaper said, “This backward integration in the field of vanilla has successfully proven that it translates into first-class raw materials and a secure supply chain, as well as reliability and traceability for our customers.”