Symrise also announced its latest proposed acquisition: the company has signed an agreement to take over the flavor business from the Danish supplier Chr. Hansen. Pending regulatory approval in the US and Germany, this acquisition should be completed before the end of April.
Symrise is acquiring the flavor business from the Danish supplier Chr. Hansen to strengthen its presence on the North American market. Chr. Hansen generates a substantial majority of its flavor sales in the USA. This is Symrise’s biggest acquisition to date. It will strengthen the company´s current position on what is the largest domestic market for flavors in the world.
For more details on earnings results see www.symrise.com
Flavor and fragrance company, Symrise AG announced that the company grew twice as fast as the market due to its concentration on fast-growing segments and regions. With sales growth of 6.2% in local currencies and an increase in the EBITDA margin to more than 21%, Symrise reached its ambitious targets for 2007 in all respects. The Executive Board and the Supervisory Board of Symrise are proposing a first ever annual dividend of 50 cents per share to the annual shareholders‘meeting.