In Finance, Insight

Swiss fragrance and flavors supplier Firmenich and Guatemalan natural essential oil producer Nelixia have formed a strategic partnership to accelerate their footprint of natural ingredients across Central America.

WHO: Nelixia was founded in Guatemala nearly a decade ago, and is known as the resource providing the highest-quality raw materials such as Cardamom, Peru Balsam, and Styrax, which are 100% carbon neutral and traceable. They’re used in fragrances, cosmetics, aromatherapy, and food. The company supports the sustainable livelihoods of communities in Central America, including Guatemala, El Salvador, and Honduras. Working hand-in-hand with small-holder farmers and NGOs at source, the Group continually invests in projects to develop their communities with initiatives ranging from education and health to optimizing supply chains. Nelixia operates with self-produced renewable energy, using unique technologies, such as a proprietary biodigester system to produce biogas.

Firmenich is the world’s largest privately owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share, and sublimate the best that nature has to offer.

WHY: Naturals, especially those that are sustainable and traceable, are in high demand. Firmenich is committed to offering its customers the most pristine natural ingredients in the most sustainable, ethical, and traceable way

IN THEIR OWN WORDS: “Nelixia has established itself as a leader in certified essential oils, with a reputation for producing some of the best cardamom in the world,” said Patrick Firmenich, chairman of the board of Firmenich, in a statement. “Building on our long-standing relationship and shared values, we look forward to giving our customers access to Central America’s unique breadth of natural ingredients in the most ethical, sustainable and traceable way.”

“Taking our vision to the next level, we’re looking forward to diversifying our raw materials portfolio, while scaling up our positive impact across our farming communities,” said Elisa Aragon, cofounder and chief executive officer of Nelixia.

DETAILS:

  • The amount of investment from Firmenich was not disclosed.
  • Nelixia will continue to be run by its cofounders.

Photo credit: @katya at unsplash

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