Holzminden, January 13, 2006--Symrise is expanding its position as one of the world's four largest partners of the international fragrance, cosmetics and food industry. By acquiring Kaden Biochemicals GmbH, the corporation continues its pattern of growth in the fields of fragrances, flavours and cosmetic ingredients.
Kaden Biochemicals has its headquarters in Hamburg. It develops and produces high purity active ingredients from plant material . The company is regarded as a major specialist in this area, and it is most active on the German and American markets. Kaden's expertise is a perfect complement to Symrise's competencies in flavorings and sensory ingredients. The innovative products and concepts which Symrise clients receive go beyond simple fragrance or flavoring compositions, and they will have now an added value that is even greater than before.
Kaden Biochemicals was an owner-operated company in which Heinrich Kaden holds 90% of the stock. In their search for new ownership, the management at Kaden decided in favor of Symrise, which now owns Kaden Biochemicals completely. "Symrise was always my partner of choice when we were looking for a successor for my business. I am confident that these two companies suit each other perfectly in terms of their product portfolio," said Heinrich Kaden.
"This acquisition gives us a good position on the highly attractive market for functional food and nutraceuticals. As a result, we can now offer a much broader spectrum, and we can present ourselves even more strongly as a source of comprehensive sensory solutions for nearly every challenge on the market," stated Dr. Gerold Linzbach, CEO at Symrise.
Symrise is a global supplier of fragrances, flavorings and raw materials and active ingredients for the perfume, cosmetics and food industry. With sales of €1.14 billion in 2004, the company is among the top four in the international flavors and fragrances market. Symrise actively supports the brand concepts of its clients so that together they can create top-quality products which fulfill consumers' preferences. With over 40 registered patents each year, Symrise is one of the most innovative manufacturers on the market.
Symrise has three divisions: flavors, fragrances and sensory ingredients. Symrise was formed in 2002 as a result of the merger between two companies with rich traditions: Dragoco and Haarmann & Reimer.
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