DGAP-News: Symrise successfully closes acquisition of ADF/IDF
DGAP-News: Symrise AG
/ Key word(s): Takeover/Expansion
"We very much look forward to teaming up with ADF/IDF given our shared focus on innovation and meeting customer needs. Together, we will work to continue expanding our diverse solutions portfolio using the highest quality natural ingredients. Our combined reach will allow us to expand our footprint in the marketplace, particularly in the U.S., and to widen our range of meat and egg-based protein products to our growing customer base" said Dr. Heinz-Jürgen Bertram, CEO of Symrise AG. Symrise announced the acquisition of ADF/IDF which was valued at USD 900 million, on January 31, 2019. The transaction has been financed through a combination of debt and equity.
About Symrise: Symrise is a global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food. Symrise is organised in three segments: Scent & Care, Flavor and Nutrition. Within its Nutrition Segment: Diana provides advanced natural well-being and nutrition solutions which cover four functionalities: taste, health/nutrition, color and food protection. ADF/IDF offers unique natural superior chicken and egg based solutions to all its manufacturing partners. Both entities serve three common industries: human food, pet food and aqua feed. Symrise's sales of approximately EUR 3.2 billion in the 2018 fiscal year make it a leading global provider. Headquartered in Holzminden, Germany, the Group is represented with over 100 sites in Europe, Africa, the Middle East, Asia, the United States and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise - always inspiring more .
Social Media: twitter.com/symriseag
04.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Symrise AG |
Mühlenfeldstraße 1 | |
37603 Holzminden | |
Germany | |
Phone: | +49 (0)5531 90 0 |
E-mail: | [email protected] |
Internet: | www.symrise.com |
ISIN: | DE000SYM9999, DE000SYM7787, DE000SYM7704 |
WKN: | SYM999 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 901623 |
End of News | DGAP News Service |
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901623 04.11.2019
Symrise AG Stock
Our community is currently high on Symrise AG with 3 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 120 € is below the current price of 120.4 € for Symrise AG, so the potential is actually -0.33%.