Naturex to merge with the Natraceutical Group
August 06, 2009
by Keith Nunes
AVIGNON, FRANCE — Ingredient manufacturer Naturex has agreed to merge with the Natraceutical Group, Valencia, Spain, a company that develops functional ingredients. The terms of the agreement were not disclosed.
As part of the merger agreement, Natraceutical’s ingredients division will be integrated into Naturex. Once completed, the company will have production facilities in Europe, the United States, Morocco, Australia and Brazil, and sales offices in the United States, Europe and Asia. The merged company will be managed by Naturex’s management team led by Jacques Dikansky, chairman and chief executive officer.
The merger is expected to be completed by the end of the year.