Symrise Acquires Unilever's Food Ingredients Unit
This is a strategic focus area for Symrise and brings together a complementary customer base of existing and new accounts. With the acquisition Symrise further strengthens its savory business by adding additional competencies and final recipes.
20/09/07 Flavor and fragrance manufacturer Symrise has acquired Unilever’s non-branded food ingredients business in the UK. The food ingredients portfolio comprises dry seasonings and wet pastes. The turnover of this non-core business for Unilever UK was EUR5 million in 2006.
Located in Burton-on-Trent, Unilever produces non branded flavorings to the fast growing chilled food categories as well as to the traditional culinary and snack food sectors. This is a strategic focus area for Symrise and brings together a complementary customer base of existing and new accounts. With the acquisition Symrise further strengthens its savory business by adding additional competencies and final recipes. Furthermore Symrise achieves synergies by increased economies of scale in their own factories in Corby and Eye.
"By acquiring the Unilever’s UK food ingredients business, we are consistently pursuing our strategy of offering consumers not only a flavor but also an added value, e.g. healthier taste or improved convenience," says Heinrich Schaper, president Flavor & Nutrition Europe, Africa, Middle East. "Bringing Unilever’s UK ingredient business into the Symrise portfolio provides these customers with access to new technologies and development resources which should see the business accelerate its growth."
