FIRMENICH TO ACQUIRE NATURAL FLAVORS, PIONEER IN ORGANIC CERTIFIED FLAVORS
Geneva, Switzerland, December 21, 2017 – Firmenich is acquiring Natural Flavors, Inc., a privately-held manufacturer of high-quality organic certified natural flavors. Headquartered in Newark, NJ, U.S.A., Natural Flavors is recognized as a pioneer in organic flavoring, including having developed and commercialized the first organic certified flavors in North America during the late 1990s. Today, Natural Flavors offers an extensive range of organic certified and natural flavor solutions to meet the needs of food and beverage customers in high growth, in-demand categories.
“Under the Stein family’s vision, Natural Flavors has established itself as a leader in certified organic flavors and a recognized pioneer of the organic movement”, said Patrick Firmenich, Chairman of the Board, Firmenich. “Building on our shared family values, we look forward to taking their legacy forward to delight consumers around the world.
“By joining Firmenich, we are confident Natural Flavors is positioned to realize its full potential,” remarked Jason Stein, Executive VP, Natural Flavors. “Our longstanding goal of providing our customers with high quality natural and organic flavors is perfectly complemented by Firmenich’s culture of innovation, creativity and its world-class regulatory team.”
“I look forward to combining Natural Flavors’ best-in-class organic certified portfolio with our expertise, in order to offer our customers the broadest variety of creative natural solutions in our industry”, added Gilbert Ghostine, CEO, Firmenich.
As consumer preference for organic certified food and beverages continues to increase, Firmenich is now even more strongly positioned to meet this demand. By combining its capabilities with Natural Flavors’ extensive palette of organic certified raw materials, Firmenich is committed to shaping winning solutions for its customers to delight consumers across North America and beyond.
The completion of this transaction is subject to clearance by the relevant regulatory authorities and is expected to close by March 2018.
Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 3.3 billion Swiss Francs at end June 2017. More information about Firmenich is available at www.firmenich.com.
About Natural Flavors
Headquartered in Newark, New Jersey, Natural Flavors is a second generation family-owned, privately held manufacturer of high-quality, organic flavors to the organic and natural segment of the food and beverage industry. In operation for over 31 years, Natural Flavors is dedicated to producing the highest-quality flavors to help food manufacturers succeed in today’s highly competitive marketplace while also demonstrating expertise in organic and related regulations and standards. Additional information about Natural Flavors is available at www.flavor.com.