Markets :: Specialty Chemicals :: Flavors and fragrances
Symrise to Acquire Chr. Hansen’s Flavor Division
11:07 AM MST | March 6, 2008 | Kate Phillips
Symrise says it has agreed to acquire Chr. Hansen’s flavor business. Financial terms were undisclosed, but the deal will be “Symrise’s biggest acquisition to date,” the company says. The divested flavor business was about €50 million ($76.8 million) and included the seasonings, savory, sweet and dairy flavor divisions, which are mainly located in North America. The deal is expected to be closed before the end of April, pending German and U.S. regulatory approval, Symrise says. The deal will expand Symrise’s presence in the North...
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