Naturex has acquired of Burgundy Botanical Extracts, a French manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and cosmetics industries.
With twelve years of expertise in botanical extracts, combined with a knowledge of medicinal plants and phytochemistry/biochemistry, Burgundy employs approximately 60 people at its two production sites based in France (Reyssouze - Department of Ain) and Spain (Palafolls) with significant capacity for extraction, purification and drying operations. The firm total revenue of 14 million euros over the last twelve months.
"This acquisition fits perfectly with Naturex's strategy for pursuing growth in its different markets. It is an excellent development opportunity in terms of both manufacturing capacity and commercial positioning,” commented Jacques Dikansky, Naturex’s chairman-CEO and founder. "With our successful track record in integrating companies and the promising potential for synergies and cross-selling from this merger, we are confident in our ability to generate sustainable profitable growth, creating value for our customers, employees and investors."