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Symrise to acquire Futura Labs

This article was originally published in The Rose Sheet

Executive Summary

Fragrance supplier Symrise will acquire Futura Labs Group, a flavors and fragrances manufacturer in Egypt and the United Arab Emirates, under a deal announced Nov. 18 and expected to close in the first quarter of 2010. The purchase reflects Symrise's focus on emerging markets, strengthening its presence in North Africa and the Middle East, CEO Heinz-Jurgen Bertram notes. "Futura Labs has an attractive base of international and regional clients and adds valuable new products to our existing portfolio in this region. The transaction will enable us to expand our market share while at the same time leveraging synergies in sales and production," Bertram says. Futura Labs recorded $15.1 million in revenue in 2008, according to the release
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