Symrise AG is strengthening its activities in the Scent & Care segment with the acquisition of Pinova Holdings, Inc. (“Pinova Holdings”). Headquartered in Brunswick, Georgia, USA, Pinova Holdings is a leading 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 for US$ 397 million. Subject to conditions to be met within 12 months, the seller will receive a premium of US$ 20 million.
