Symrise plans to combine the R&D competencies and manufacturing capacities of Sensient’s fragrance and aroma chemicals activities with parts of its own at the site in Granada. Over a period of three years, targeted investments will be made to grow the Granada site.
Heinz-Jürgen Bertram Ph.D., CEO of Symrise AG said, “We constantly screen strategic opportunities in continuation of our ambitions in certain growth segments and also make bold steps in challenging times. With the Sensient activities, Symrise is expanding its range of fragrance ingredients and will thus boost its competitiveness in the creation of fragrance compositions.”
“In view of the increasing importance of natural and renewable raw materials for the fragrance industry, the new product range ideally complements our current portfolio," Dr. Bertram continued. “We are convinced that we will once more fully deliver on our strategic priorities with this acquisition. We drive growth while at the same time strengthening our leadership position in fragrance ingredients and green chemistry.”
Paul Manning, chairman, president, and CEO of Sensient said, “We are pleased to be able to transition our fragrances and aroma chemical business to Symrise, an extremely strong and capable organization. This allows us to focus on our strategic priorities.”