FIRMENICH COMPLETES ACQUISITION OF “NATURAL FLAVORS”, LEADER IN ORGANIC-CERTIFIED FLAVORS
Geneva, Switzerland, February 6, 2018 – Further to the announcement dated December 21st, 2017, Firmenich is pleased to confirm that it has successfully completed the acquisition of Natural Flavors, Inc. Headquartered in Newark, NJ, U.S.A., Natural Flavors is a leading manufacturer of high-quality organic-certified natural flavors for the food and beverage industry. Recognized as a pioneer in organic flavoring, the Group developed and commercialized the first organic-certified flavors in North America during the late 1990s.
“We are pleased to formally welcome Natural Flavors to the Firmenich Group,” said Patrick Firmenich, Chairman of the Board, Firmenich. “Building on the Stein family’s vision, as pioneers of the organic movement, we look forward to delighting consumers around the world with leading natural and organic-certified flavors.”
“We are excited to combine Natural Flavors’ best-in-class organic-certified portfolio with our expertise to offer our customers the broadest variety of creative natural solutions in our industry,” added Gilbert Ghostine, CEO, Firmenich.
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 3.34 billion Swiss Francs at end June 2017.
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.