Key Takeaways:
- Symrise signed a put option agreement to acquire 100% of the share capital of Floral Concept.
- The parties expect to close the contemplated transaction in Q3 2026.
- Supports ONE Symrise strategy for profitable growth, margin resilience and strong cash generation via active portfolio management.
Symrise to acquire 100% of the share capital of Floral Concept.
WHO: Headquartered in Saint-Cézaire-sur-Siagne, in France's Pays de Grasse region, Floral Concept is a recognized premium natural fragrance ingredients house serving leading fragrance houses and has a reputation built on the highest standards of quality and authenticity. Since its founding in 2002, the company has built a strong reputation for sourcing, selecting, and transforming natural raw materials into high-value fragrance ingredients, supported by deep producer relationships and an uncompromising commitment to quality.
The Symrise Group is a global supplier of fragrances and flavors, cosmetic active ingredients, and raw materials as well as functional ingredients. Headquartered in Holzminden, Germany, the Group is represented in more than 100 locations in Europe, Africa, the Middle East, Asia, the United States, and Latin America. The Symrise Group was formed in 2003 from the merger of the two German companies Haarmann & Reimer and Dragoco. The company’s roots date back to 1874 and 1919, when the two predecessor companies were founded. In 2006, Symrise AG entered the stock market with an initial public offering priced at €17.25 per share.
WHY: The transaction represents a strategic milestone in accelerating Symrise towards a leading position in premium natural fragrance ingredients, an...
