Symrise successfully finalizes its acquisition ...
Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------
Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------
Holzminden/Frankfurt. Symrise has acquired the Dairy Flavors, Savory
Flavors, Sweet Flavors and Seasonings sectors of the Danish
manufacturer Chr. Hansen. The anti-trust authorities approved the
transaction on April 25, concluding Symrise's largest acquisition to
date.
Â
The acquisition allows Symrise to keep expanding its business in the
US: Â over 80% of Christian Hansen's sales in the flavoring sector
come from North America. This move will help Symrise continue to
become one of the leading suppliers on the largest flavor market
worldwide.
Â
Symrise will benefit from much more thorough market coverage and be
able to offer its clients an even broader product portfolio. The
additional production capacity will dramatically improve Symrise's
competitive ability and service in North America. The two companies'
client structures and core competences complement each other
perfectly. In addition to its extensive knowledge of development and
application technology, Chr. Hansen also works with technologies
which are an excellent match for Symrise. In turn, Chr. Hansen's
clients will profit from Symrise's global infrastructure, market
knowledge and research expertise.
Â
About Symrise
Â
Symrise is a global supplier of fragrances, flavorings and raw
materials and active ingredients for the perfume, cosmetics and food
industry.
Â
With sales of ¤1.27 billion in 2007 the corporation ranks among the
top four in the international flavors and fragrances market. Symrise
is headquartered in Holzminden, Germany and operates in over 30
countries in Europe, Asia, the US and South America.
Â
With over 40 registered patents each year, Symrise is one of the most
innovative manufacturers on the market. Our products are used in the
perfume, cosmetics and food industries, and everyday life would not
be the same without them. We combine our knowledge about consumer
trends with cutting-edge technologies and have focused on developing
innovative trend and lifestyle products with a specific added value
for consumers. Symrise - always inspiring more.
Â
www.symrise.com
Â
For further information:
red roses communications
Katja Derow
phone: +49 40-4696770-10
e-mail: k.derow@redroses-pr.com
Â
--- End of Message ---
Symrise AG
Mühlenfeldstraße 1 Holzminden Germany
WKN: SYM999; ISIN:
DE000SYM9999; Index: MDAX, TecDAX;
Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr
in Bayerische Börse München,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Börse Berlin,
Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart,
Prime Standard in Frankfurter Wertpapierbörse;
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.