Symrise AG has announced that it has agreed to make a strategic investment in Swedencare, a provider of health products for cats, dogs and horses.
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The investment will be made as part of a capital increase of Swedencare and takes place in full consent with the company and its management team. In total, Symrise will acquire 5.06% of the share capital in Swedencare.
Swedencare's product portfolio includes an all-natural dietary supplement for oral care which is patented in more than 30 countries, as well as a broad range of grooming products for pets and dietary supplements in several other areas, such as joints and mobility.
Heinz Jürgen Bertram, Ph.D., CEO of Symrise AG, said, “We look forward to becoming a strategic shareholder in Swedencare and to support the fast-growing business. Swedencare is an impressive company that shares our passion for pet food solutions. In many markets the trend to pet ownership is increasing significantly and owners choose to provide their pets with products that best possibly support their health conditions. Swedencare has built a highly profitable business with a diverse portfolio and international presence. Our companies share many similarities and run complementary activities. We see a lot of opportunities to jointly strengthen our competencies. Symrise therefore underlines its commitment with an investment in Swedencare.”
Håkan Lagerberg, CEO of Swedencare, said, “We welcome Symrise as a new strategic investor and regard their engagement as a confirmation of our business and growth strategy. We are convinced that we can benefit from Symrise’s profound expertise in R&D and the pet food market.”
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