Symrise lowers margin target - likely to miss market expectations

19-Dec-2023 - Symrise, the manufacturer of fragrances and flavors, is feeling the effects of a delayed reduction in inventories, negative currency effects and lower raw material prices. Due to the latter, inventories had to be devalued, the company announced on Thursday evening after the close of trading. The ...

Symrise feels the impact of high energy and raw material costs

02-Mar-2022 - Symrise , a manufacturer of fragrances, flavors and other food additives, benefited last year from good business around pet food and the revival of travel. In addition, increasing out-of-home consumption drove demand for beverage additives. However, this was offset by high energy and raw material ...

Symrise expands portfolio of custom taste solutions through acquisition of Giraffe Foods Inc.

Acquisition facilitates forward integration of Flavor & Nutrition segment in North America

09-Dec-2021 - Symrise AG today announced that it has signed a purchase agreement for the acquisition of Giraffe Foods Inc., a Canada based producer of customized sauces, dips, dressings, syrups and beverage concentrates for B2B customers, in the home meal replacement, food service and retail markets. With this ...

Symrise delivers reliable, profitable growth during the exceptional year 2020

10-Mar-2021 - Symrise AG reliably continued its profitable growth course in 2020 despite the challenging environment. The Group increased its sales by 3.3 % to EUR 3,520 million taking into account portfolio and currency translation effects. In organic terms, sales went up by 2.7 %. The Group thus ...

Symrise and Kellogg Company achieve ambitious target of 100% sustainably procured vanilla by 2020

"Symrise and Friends" partnerships support the next generation of vanilla farmers

18-Aug-2020 - Kellogg Company and Symrise have implemented a joint and ambitious three-year project in Madagascar to source 100% of Kellogg's vanilla sustainably from 2020. The continued success of the project is based on the joint commitment of the partners. Close cooperation with the vanilla growing ...

Michael König elected Chairman of the Supervisory Board of Symrise AG

Peter Vanacker appointed as a new member of the Supervisory Board

19-Jun-2020 - At its ordinary meeting following yesterday's virtual Annual General Meeting, the Supervisory Board of Symrise AG elected Michael König (56) as its new Chairman. Michael König succeeds Dr. Winfried Steeger (70), who, as previously announced, is stepping down upon reaching the retirement age ...

Symrise successfully closes acquisition of ADF/IDF

Clearance received from Antitrust Division of the U.S. Department of Justice to acquire ADF/IDF

05-Nov-2019 - Symrise AG today announced that it has successfully completed the acquisition of ADF/IDF, a leading U.S. meat and egg-based protein specialist and pioneer in all-natural nutrition ingredients. The acquisition has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). ...

Symrise successfully completes capital increase

11-Feb-2019 - Within a very short time Symrise AG successfully completed its announced capital increase based on authorized capital. In an accelerated bookbuilding procedure, the company placed 5,614,036 new shares with institutional investors at an issue price of € 71.25 per share. The gross proceeds of € 400 ...

Symrise expands US footprint with acquisition

04-Feb-2019 - Symrise has signed a purchase agreement with the owners of ADF/IDF, a leading natural nutrition ingredient provider for pet food, regarding the acquisition of their business. ADF/IDF is a pioneer in clean label meat and egg-based taste and nutrition ingredients. With the acquisition, Symrise aims ...

Hurricane and raw material costs burden Symrise - but sales outlook raised

07-Nov-2018 - Hurricane Florence and high raw material costs have depressed profits at Symrise, a manufacturer of flavors and fragrances. In addition, the MDax Group is currently investing a lot of money in expanding production. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell in ...