The merger announced in September in which Firmenich will acquire all of the outstanding common stock of Senomyx is complete.
WHO: Senomyx discovers novel flavor ingredients and natural high-intensity sweeteners that allow food and beverage companies to create better-for-you products. Under its direct sales program, Senomyx sells its Complimyx brand flavor ingredients, Sweetmyx, Savorymyx, and Bittermyx, for use in a wide variety of foods and beverages. In addition, Senomyx has partnerships with leading global food, beverage, and ingredient supply companies.
Firmenich is the world’s largest privately owned perfume and taste company, founded in Geneva, Switzerland in 1895. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year, Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss francs at end June 2018.
WHY: This acquisition strengthens Firmenich’s taste and nutrition capabilities in food, drink, and oral care.
IN THEIR OWN WORDS: “Senomyx has established itself as a leader in taste innovation and a recognized pioneer in sweet, cooling and bitter solutions,” said Patrick Firmenich, Chairman of the Board, Firmenich. “Building on our long-term partnership spanning more than a decade, we look forward to welcoming Senomyx into Firmenich to lead in taste and nutrition.”
“We are excited to be joining Firmenich,” stated John Poyhonen, President and Chief Executive Officer of Senomyx. “Firmenich’s commitment to innovation and delivery of world-class commercialization capabilities combined with our long standing relationship makes this deal the ideal fit for our companies. We believe this merger will allow the Senomyx discoveries to reach their full potential. I would like to personally thank all our employees for their dedication and contributions in building a leading proprietary taste science technology platform that will benefit consumers around the globe well into the future.”
“Building on our world-class science and pioneering taste platform, this strategic acquisition confirms our commitment to being the partner of choice in taste and nutrition,” said Gilbert Ghostine, CEO Firmenich. “Adding Senomyx’s leading taste technologies and strong natural ingredients pipeline to our taste platform, uniquely positions us to create healthy and great tasting food, drink and oral care experiences for our customers.”
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