Sozio, a French family-owned company, specialized in the creation and production of fragrance compositions, continues to fuel growth by acquiring Synarome Company.
WHO: Based in Chartres, Synarome was founded in 1926 by the Fraysse family. The company creates and manufactures more than 200 aroma chemicals and specialties for the global F&F industry through acetylations, acetal formations, cyanation, transesterification, etc. Its fragrance specialties include Ambrarome Absolu, Muscarome, and Animalis.
Sozio, a French family-owned company founded in Grasse in 1758, specializes in the creation and production of fragrance compositions. Under the umbrella of Proxis Development Group, the business continues its international growth and reinforces its position as an industry leader. The company had sales of over 50 million euros in 2020 with a 9% increase over the previous year.
WHY: The deal will strengthen Sozio's position in the field of organic synthesis, perfumery specialties, and distillation for the fragrance industry through vertical integration from ingredients to fragrance creation and manufacturing and sharing of administrative and IT resources.
IN THEIR OWN WORDS: "Besides the iconic ingredients which have made the reputation of Synarome such as Ambrarome or Animalis, Synarome produces more than 200 aroma chemicals and specialties for the global F&F industry," said Frederic Braud, General Manager of Sozio. "Sozio's ambition is to come back to its historical roots, the creation and manufacturing of natural perfumery ingredients which have been at the heart of the company for more than 200 years."
"Due to our growth, we felt we need the support of a larger enterprise, able to increase our investments in our R&D center and production facility and sharing the same vision on the future of perfumery," said Achille Riviello, General Manager of Synarome.
DETAILS:
