Symrise acquires global fragrance business of Belmay

HOLZMINDEN, GERMANY: Symrise has acquired the global fragrance business of the Belmay Group, an international developer and manufacturer of fragrances and perfume oils, effective 4 March 2013. Symrise is taking another strategically important step towards sustainable growth in the fine fragrance, personal care and air care segment. While the acquisition strengthens Symrise’s business globally, it also adds specific value to the company’s growing presence in North America, which is Belmay’s core market. The companies have agreed to keep the purchase price confidential.

“Symrise aims at profitable growth and continuously expands its activities in market segments that are growing dynamically. The market for air care products, for example, has been experiencing above-average growth for the past few years. This holds true on an international level and especially for North America, where demand for air care products is particularly strong. Belmay has a strong market position and has been operating profitably for years. With this acquisition, we are further enhancing Symrise’s profile and gaining access to exciting new customer groups,” said Dr Heinz-Jurgen Bertram, CEO, Symrise.

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