Takasago Acquires US Based Company, Center Ingredient Technology
17 Feb 2016 --- Takasago International Corporation have announced the expansion of its Natural Material Portfolio through the acquisition of US-based Center Ingredient Technology, Inc. (CIT) which will take effect from January 20, 2016. CIT produces natural flavor and fragrance ingredients using their unique biotechnology manufacturing processes. In addition, CIT also supplies specialty ingredients for the food, beverage, and cosmetics industry.
Mr. Satoshi Masumura, President and CEO of Takasago, commented on the acquisition saying, "Developing unique and superior technologies continues to be a Takasago focus and priority. This is a core strategy of Takasago's medium term growth plan. With the highly advanced manufacturing technologies and capabilities of CIT and Takasago's unique and patented fermentation technologies, we expect significant quality, cost and efficiency improvements. The acquisition will also enable Takasago to address the ever increasing consumer demands for natural ingredients and to become a key player in the Natural Ingredients arena."
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