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Alliance in natural fragrances

Sensegen, a US-based specialist in biotech-enabled fragrances, notably a new class of natural musk raw materials, has announced a strategic collaboration with Japan’s Takasago, a large player in the flavours and fragrances industry. Commercial terms were not disclosed.

The two companies stated that they are “joining forces to yield a fusion of creativity and technical prowess, promising to redefine the landscape of olfactory experiences”. The global market for natural fragrance is projected to grow at a CAGR of 12.7% between 2022 and 2030, reaching $8.5 billion in 2030.

Croda breaks ground in China

Croda International has broken ground for a low-carbon, multi-purpose production facility on a greenfield site in Guangzhou. This triples its manufacturing capacity for fragrances and establishes its fist production capability for beauty actives, mainly botanicals, in China. It is also part of the company’s plan to deliver fast growth in Asia. 

DSM and Firmenich in mega-merger

DSM and Swiss-based flavours and fragrances house Firmenich have agreed to merge. The deal, which is expected to close in 1H 2023, is valued at about $19.6 billion. DSM-Firmenich would have about €11.4 billion/year in sales, comparable to IFF after its combination with DuPont’s Nutrition and Biosciences business early last year.

Azelis buys in US F&F market

Azelis has agreed to acquire Vigon International, a speciality distributor and manufacturer of ingredients for the flavours, fragrances and cosmetics markets. The deal should close within Q2 and the Somers family, who previously owned Vigon, will continue to lead it.

DSM buys Amyris F&F ingredients

DSM has agreed to acquire the biobased flavour and fragrance (F&F) intermediates business of synthetic biotechnology company Amyris. This comprises seven products, of which four are “already generating meaningful sales”, two newly launched and one under development. They will be added to the DSM’s Personal Care & Aroma Ingredients activities, extending its offer to the F&F and cosmetics industries.

Croda has acquired Iberchem

Croda International has acquired Spanish-based flavours and fragrances (F&F) firm Iberchem from Eurazeo in a €820 million deal. This takes the company into F&F for the first time. It will be funded by existing debt facilities and a £600 equity placing, representing about 8% of Croda’s issued share capital.

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