M&A Deal Summary

Symrise Acquires Sensient’s Fragrances Business Unit

On November 23, 2020, Symrise acquired chemicals company Sensient’s Fragrances Business Unit from Sensient Technologies

Acquisition Highlights
  • This is Symrise’s 3rd transaction in the Chemicals sector.
  • This is Symrise’s 7th transaction in the United States.
  • This is Symrise’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2020-11-23
Target Sensient’s Fragrances Business Unit
Sector Chemicals
Buyer(s) Symrise
Sellers(s) Sensient Technologies
Deal Type Divestiture

Target

Sensient’s Fragrances Business Unit

Milwaukee, Wisconsin, United States
Sensient’s Fragrances Business Unit comprises a wide range of aroma molecules and fragrances from natural and renewable sources.

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Buyer(S) 1

Buyer

Symrise

Holzminden, Germany
Category Company
Founded 1874
Sector Chemicals
Employees12,656
Revenue 4.7B EUR (2023)
DESCRIPTION

Symrise is a producer of flavours, fragrances, cosmetic ingredients and aroma chemicals in the world. Symrise was founded in 1874 and is based in Holzminden, Germany.

DEAL STATS #
Overall 8 of 14
Sector (Chemicals) 3 of 4
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 7 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Pinova

Brunswick, Georgia, United States

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

Buy $417M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Symrises Natural Food Coloring Business Unit

Holzminden, Germany

Symrises Natural Food Coloring Business Unit provides colors for the food industry.

Sell -

Seller(S) 1

SELLER

Sensient Technologies

Milwaukee, Wisconsin, United States
Category Company
Founded 1882
Sector Chemicals
Employees3,956
Revenue 1.5B USD (2023)
DESCRIPTION
Entrance to Sensient's corporate headquarters in downtown Milwaukee, Wisconsin.
Entrance to Sensient's corporate headquarters in downtown Milwaukee, Wisconsin.

Sensient Technologies is a manufacturer and marketer of colors, flavors and fragrances. Sensient Technologies was founded in 1882 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Mazza Innovation

Delta, British Columbia, Canada

Mazza Innovation Ltd. is specializes in extracting solvent-free bioactives from botanical sources for use as ingredients in functional foods, dietary supplements, natural food colourings/flavourings, and personal care and cosmetics products. Mazza Innovation is based in Delta, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 New Mexico Chili Products

Deming, New Mexico, United States

New Mexico Chili Products is a dehydrated chili production facility that processes capsicums and a variety of specialty chilies for commercial sale to CPG food manufacturers, spice blenders, and foodservice customers. New Mexico Chili Products is based in Deming, New Mexico.

Buy -
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