Symrise AG to Acquire Sensient Technologies

On Monday Nov. 23, Symrise AG's (SYIEY) fragrance business announced that it has entered into a definitive agreement to buy Sensient Technologies (NYSE: SXT).

IPO Details

Symrise will acquire Sensient’s aroma chemical and fragrance compound production facility and headquarters, located in Granada, Spain. The fragrances and aroma chemicals business unit was part of Sensient's Flavors & Extracts group. Symrise seeks to merge the research and development (R&D) capabilities, as well as the manufacturing capacities of Sensient's fragrance and aroma chemicals activities with its own.

Moving forward after the acquisition, Symrise will function with a “more focused portfolio of food and pharmaceutical colors, personal care, flavors, extracts and flavor ingredients." This portfo...

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