Symrise Acquires Diana Group

HOLZMINDEN, Germany—Symrise AG has acquired the French company Diana Group, a manufacturer of natural flavors, including pet food.  

Symrise said Diana ideally complements its activities because Diana has a large portfolio of natural ingredients and extracts and has a strong backward integration beyond fruit and vegetables.

As part of the integration process, Symrise will adapt its flavor and nutrition business, which will now consist of two divisions. In the flavors division, Symrise will concentrate on the development of flavors and flavor compounds. Symrise’s functional ingredient applications, consumer health and nutrition activities will be integrated into Diana, which will form the second division in the near future.

Symrise announced the acquisition on April 12, 2014 and closed it on July 29, 2014. The transaction is valued around EUR 1.3 billion and financed through a combination of equity and debt.