Symrise purchases Chr. Hansen flavors unit
April 28, 2008
by Eric Schroeder
HORSHOLM, DENMARK — Symrise on Monday finalized the acquisition of part of Chr. Hansen’s Flavor Division. As part of the transaction, first announced in March, Symrise acquired the dairy, savory, sweet and seasonings flavor businesses of Chr. Hansen, which have annual sales of approximately €50 million ($76.4 million).
According to Symrise, the purchase will allow the company to continue its expansion in the United States. Currently, more than 80% of Chr. Hansen’s sales in the flavoring sector come from North America.
"Symrise will benefit from much more thorough market coverage and be able to offer its clients an even broader product portfolio," Symrise said. "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."