German fragrance and flavors supplier Symrise has entered into a partnership with Synergio, an Israeli biotech company that specializes in the development of natural and sustainable solutions to be used in advanced plant-based technology destined for consumer goods products.
WHO: Founded in Jerusalem in 2009, Synergio owns comprehensive expertise in natural antimicrobial combinations obtained by sustainable sourcing. The biotech company develops next-generation plant bioactives for healthier and more sustainable personal care and cosmetic products. Core technologies include high-performance broad-spectrum natural antimicrobials that it distributes worldwide. Using a data-driven, biochemistry-based, computational platform, Synergio leverages deep understanding of plant bioactives and synergies. This enables it to deliver healthy and sustainable beauty care solutions that are 100% safe and natural, meeting the highest standard of the personal care industry.
Based in Holzminden, Germany, Symrise is a global supplier of inspiring fragrances, flavors, natural nutrition, and cosmetic ingredients solutions. With a market share of 10% (2018), Symrise is one of the world's top suppliers in the flavor and fragrance market. The company has three segments: Flavor, Nutrition, and Scent & Care. The Symrise Cosmetic Ingredients division is a global leader in developing beauty market solutions. The group is capitalizing from over 100 years of experience in developing and marketing cosmetic ingredients and the ability to intertwine the best of nature, science, as well as skin and hair biology.
WHY: The tie-in will allow for the accelerated creation of natural antimicrobial solutions. Symrise sees a wide range of possibilities to explore growth opportunities together with Synergio jointly. Both companies will work together as partners to develop innovative antimicrobial solutions that respond to the market request for more natural solutions.
IN THEIR OWN WORDS: "The investment in Synergio signifies our commitment to expand our cosmetic ingredients portfolio and strengthen our leadership in modern product protection," said Dr. Joern Andreas, President Scent & Care at Symrise. "Synergio's bioactives fit seamlessly into our Product Protection portfolio. It allows us to offer customers the newest and most innovative sustainable plant-based beauty solutions. The partnership will accelerate the development of broad-spectrum antimicrobial solutions. They will help our customers to create sustainable personal care products."
CEO of Synergio, Dr. Rachel Lutz, said, "Entering a partnership with Symrise provided a unique opportunity to further develop our biotechnologies for the beauty market. Our shared values in sustainability allow us to bring consumers natural and safe innovative beauty solutions. Together, we will use new and advanced technology to create sustainable products that will respond to the needs of customers and global stakeholders while meeting regulatory requirements."
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