11.02.15
Symrise AG is strengthening its activities in the scent and care segment with the acquisition of Pinova Holdings, Inc. Headquartered in Brunswick, GA, Pinova Holdings is a supplier of ingredients from natural and renewable sources used mainly in the production of perfumes, fragrances and oral care products. With this acquisition, Symrise is expanding its range of fragrance ingredients and will thus boost its competitiveness in the creation of fragrance compositions.
Moreover, the company is extending its forward integration in menthol to include specialty-cooling substances, which are seeing increased use in combination with menthol-based products.
Symrise is acquiring Pinova Holdings in a deal valued at $397 million. In fiscal 2014, Pinova Holdings recorded sales of $287 million.
Moreover, the company is extending its forward integration in menthol to include specialty-cooling substances, which are seeing increased use in combination with menthol-based products.
Symrise is acquiring Pinova Holdings in a deal valued at $397 million. In fiscal 2014, Pinova Holdings recorded sales of $287 million.