M&A Deal Summary

Firmenich Acquires Evonik Industries AG - CO2 Extraction Business

On November 5, 2019, Firmenich acquired food company Evonik Industries AG - CO2 Extraction Business from Evonik Industries

Acquisition Highlights
  • This is Firmenich’s 2nd transaction in the Food sector.
  • This is Firmenich’s 1st transaction in Germany.

M&A Deal Summary

Date 2019-11-05
Target Evonik Industries AG - CO2 Extraction Business
Sector Food
Buyer(s) Firmenich
Sellers(s) Evonik Industries
Deal Type Divestiture

Target

Evonik Industries AG - CO2 Extraction Business

Essen, Germany
Evonik Industries AG - CO2 Extraction Business offers a quality method of extracting natural botanical molecules from flowers and nuts to coffee and tea.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Firmenich

Meyrin, Switzerland

Category Company
Founded 1895
Sector Consumer Products
Employees6,500
DESCRIPTION

Firmenich is a manufacturer of fragrances and flavors. Firmenich perfumes and flavors that billions of consumers enjoy each day. Firmenich was founded in 1895 and is based in Meyrin, Switzerland.


DEAL STATS #
Overall 4 of 5
Sector: Food M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 VKL Seasonings Pvt.

Kochi, India

VKL Seasonings Pvt. Ltd. engages in the spice capital of the world, Kerala, is the flagship company of the Kanji Morarji Group. VSPL has mastered the ability to identify and lead taste trends, evolving as one of India's largest seasoning and flavor ingredients company. This lineage and rich spice heritage, combined with relentless innovation, has helped bring state-of-the-art integrated ingredient solutions to all segments of the Indian market. VSPL has helped craft industry-winning food products for top FMCG, QSR and Snack brands in India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 Les Derives Resiniques Et Terpeniques SA

Dax, France

Les Derives Resiniques Et Terpeniques SA specialized in plant chemistry has developed rosin and turpentine extracted from pine resin. The company supplies its range of high value-added products to over twenty leading industries from, among others, perfume, adhesive, rubber, chewing gum and food supplements, etc. DRT, whose headquarters is in the Landes region of France, has four factories in south-west France and has manufacturing facilities in China, India and the United States.

Buy -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany

Category Company
Founded 1873
Sector Diversified
Employees31,273
Revenue 15.2B EUR (2024)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


DEAL STATS #
Overall 6 of 8
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 6 of 8
Country: Germany M&A 5 of 6
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Roehm

Darmstadt, Germany

Roehm is a supplier of methacrylate chemicals worldwide which are sold under the registered PLEXIGLAS and PLEXIMID trademarks on the European, Asian, African and Australian continents and under the registered ACRYLITE and ACRYMID trademarks in the Americas. Roehm was founded in 2009 and is based in Darmstadt, Germany.

Sell €3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Evonik Industries - U.S. Betaine Business

Hopewell, Virginia, United States

Evonik Industries's U.S. Betaine Business primarily serves the personal care market, with a focus on skin care, hair care and oral care applications.

Sell -