Bayer AG augmenting flavors and fragrances business with Florasynth buy.
This article was originally published in The Rose Sheet
Executive Summary
BAYER AG FLORASYNTH BUY WOULD ADD $190 MIL. IN SALES worldwide to the company's fragrances and flavors subsidiary Haarmann & Reimer, Bayer and Florasynth jointly announced March 13. The acquisition of Teterboro, NJ-based, privately owned Florasynth, a fragrances and flavors manufacturer, would boost Haarmann & Reimer's consolidated flavors, fragrances, aroma chemicals and food ingredients revenues to over $1.15 bil. The deal is expected to close during the second quarter; the companies would not release the details of the transaction.