05.06.2015
Symrise AG DE000SYM9999
DGAP-News: Symrise Diversifies Portfolio for Natural Beverage Flavors through Acquisition of California-Based Flavor Infusion
DGAP-News: Symrise AG / Key word(s): Mergers &
Acquisitions/Miscellaneous
Symrise Diversifies Portfolio for Natural Beverage Flavors through
Acquisition of California-Based Flavor Infusion
05.06.2015 / 10:00
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- Access to technology, patents and formulas for natural-based beverage
applications
- Strengthened footprint in the strongly growing market for flavored
waters and non-alcoholic drinks
- Immediate integration of the business in Symrise's US activities
Symrise AG is strengthening its product offering for natural beverage
applications and further expands into the strongly growing market of
flavored water: The Company signed an agreement to acquire Flavor Infusion,
a highly specialized supplier for natural beverage solutions in North
America, from its founders. With this investment, Symrise is gaining
immediate access to the company's profound knowledge as well as already
marketed products and its most reputable customer base.
"The market for flavored waters, teas, sports and energy drinks is booming,
especially in North America. Our latest acquisition is thus another
strategic step to capitalize on the increasing consumer awareness for
health and wellbeing, in particular the growing demand for infused water
and non-alcoholic beverages. Flavor Infusion is an expert in this segment
with a wide product portfolio, an impressive customer base and solid
financials. The acquisition meets all criteria of our M&A strategy and will
provide immediate value to Symrise. Our customers will benefit from a
highly diversified offering of functional and hydration based drinks as
well as numerous applications", said Dr. Heinz-Jürgen Bertram, CEO of
Symrise AG.
Over the years, Flavor Infusion has built up distinct expertise in beverage
application and development as well as process technologies for natural
beverage applications. Since its foundation in 2004, the company has
strongly benefited from the positive dynamics in the US beverages market
which, according to estimates, is growing by 5 to 7 % annually. Flavor
Infusion has continuously expanded its customer base that comprises some of
the largest and most reputable global beverage and food manufacturers as
well as regional champions. Furthermore, the company developed a
diversified portfolio of proprietary beverage bases, formulas and marketed
applications that are acquired through the transaction. California-based
Flavor Infusion generates turnover of about US$ 10
million.
Symrise will integrate the activities of Flavor Infusion in its US Flavor &
Nutrition business immediately after closing, which is expected in the
third quarter 2015.
About Symrise:
Symrise is a global supplier of fragrances, flavorings, cosmetic active
ingredients and raw materials, as well as functional ingredients. Its
clients include manufacturers of perfumes, cosmetics, food and beverages,
the pharmaceutical industry and producers of nutritional supplements and
pet food.
Its sales of more than EUR 2.1 billion in the 2014 fiscal year place
Symrise among the top three companies in the global flavors and fragrances
market. Headquartered in Holzminden, Germany, the Group is represented in
over 40 countries in Europe, Africa, the Middle East, Asia, the United
States and Latin America.
Symrise works with its clients to develop new ideas and market-ready
concepts for products that form an indispensable part of everyday life.
Economic success and corporate responsibility are inextricably linked as
part of this process. Symrise thus takes sustainability into account in
every part of its corporate strategy. The company was awarded the German
Sustainability Award in 2012. In 2013, Symrise was certified as a "Green
Company" by DQS.
Symrise - always inspiring more...
Media Contact:
Bernhard Kott
Phone: +49 (0)5531 90-1721
E-mail: [email protected]
Investor Contact:
Tobias Erfurth
Phone: +49 (0)5531 90-1879
E-mail: [email protected]
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05.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Symrise AG
Mühlenfeldstraße 1
37603 Holzminden
Germany
Phone: +49 (0)5531 90 0
E-mail: [email protected]
Internet: www.symrise.com
ISIN: DE000SYM9999
WKN: SYM999
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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365633 05.06.2015
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