Symrise and India’s Virchow Group have agreed to make personal care ingredients from the Symrise portfolio through a new joint venture called Vizag Care Ingredients, beginning within 1H. This will be based on Virchow’s synthetic chemistry capabilities for API manufacture.

Symrise owns a majority in the new entity, which is based in Visakhapatnam and has one local chemical manufacturing site, enabling it to back-integrate into raw materials and form a resilient global value chain. Symrise will market the resulting products.

Clariant has agreed to acquire Lucas Meyer Cosmetics of Québec, Canada, a supplier of cosmetics and personal care ingredients from International Flavours & Fragrances. The $810 million, 16.3 x EBITDA deal is expected to close in Q1 2024, subject to regulatory approvals and customary closing conditions.

Amyris and some of its US domestic subsidiaries have begun voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware as part of an operational and financial restructuring. This process does not affect its subsidiaries outside the USA.