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Frutarom is Acquiring Control of ETOL - January 17, 2012 - Frutarom Industries Ltd.. has acquired 56% of the share capital of the Etol d.d. ("Etol"), a Slovenian public company. The acquisition was performed outside the Slovenian stock market in return for the amount of approximately (19.6 million) (US$ 24.9 million). In the coming weeks, Frutarom intends to submit a takeover bid in the Slovenian stock market for the purchase of the remaining shares. If the bid is accepted in full, Frutarom will own all of Etol's share capital. ETOL'S Sales Turnover was US $68 Million for the 12 Months Ending on September 30, 2011. Frutarom bought British firm Savoury Flavours for $5.9 million earlier this month. MANE agrees to settle it's Physcool® lawsuit against IFF for $40M - January 2, 2012 - International Flavors & Fragrances Inc. has settled all patent and non-patent claims brought by V. Mane Fils in the United States District Court for the District of New Jersey related to IFF’s marketing and sale of products containing Monomenthyl Succinate (MMS). MANE’s U.S. Patents Nos. 5,725,865 and 5,843,466 were issued in 1998 and cover the use of MMS as a cooling additive in food and beverage products. IFF acknowledges that MANE's patents are valid and enforceable, and will honor those patents. MANE holds foreign counterpart patents in many countries around the world and sells MMS under the name Physcool®. IFF previously sold MMS under the name Cooler 1 and sold flavor formulations containing Cooler 1. IFF also sold products under the name Cooler 2® or Monomenthyl Glutarate that contained levels of MMS. IFF sold products containing Cooler 1 and Cooler 2® as part of its larger promotional campaign called CoolTek. Under the settlement agreement, (1) IFF will pay MANE a royalty of $40 million; (2) IFF has ceased making or selling Cooler 1 products; and (3) IFF will ensure that the MMS content of its Cooler 2® products going forward is at a level that has been agreed to by both parties. FEMA Interim GRAS List Update - January 1, 2012 - FEMA has released the latest interim GRAS list which now includes seven new additions. O-ethyl S-(1-methoxyhexan-3-yl) carbonothioate (FEMA #4730) is a new Givaudan compound. It is described as - Flavour description: sulfury, blackcurrant, tropical, roasted coffee. Odor description: mushroom, herbaceous, slightly cacao connation. It is particularly effective in imparting deep roasted coffee notes. FEMA #4732 is 1,5-Octadien-3-ol. This imparts earthy, mushroom-like, strong geranium leaf notes. FEMA #4735 is (4Z,7Z)-Tridecadienal, a fatty flavor aldehyde, originally discovered at Lever Bros. as useful in fatty flavors. FEMA #4741 is N-(2,3-Dimethoxybenzyl)-N'-(2-(pyridin-2-yl)ethyl)oxalamide, a Senomyx compound for umami & savory enhancement. FEMA #4745 is 6-methoxy-2,6-dimethylheptanal, which is decescribed as having citrus, floral, fruity notes with a watery melon character. FEMA #4751 is (R)-N-(1-methoxy-4-methylpentan-2-yl)- 3,4-dimethylbenzamide, a Senomyx compound for umami & savory enhancement. FEMA #4753 is 1,3-Propanediol, produced by DuPont Tate & Lyle Bio Products, it is a certified natural product replacement for 1,2-propylene glycol. 60 Minutes gives a view of the Flavor industry - November 27, 2011 - Interesting how the media spins the subject and gets negative comments from the viewers. Takasago Half Year 2011-2012 Sales - November 12, 2011 - Takasago's half year sales decreased marginally to ¥59,932 million, down 1.0% from the prior year. Symrise 9 Months 2011 Sales - Holzminden, Germany - November 9, 2011 - In the first nine months of 2011, Symrise posted sales of 1,206.3 million versus 1,207.7 million in the prior year period. For the same period, Flavor & Nutrition sales increased 1.8% to 596.6 million while Scent & Care sales declined 1.9% to 609.7 million. IFF 9 Months 2011 Sales - New York, November 8, 2011 - IFF's 9 month 2011 sales increased 7.6% to $2,143.6 million. Flavor sales for the 9 month period increased 13.2% to $1,024.6 million while fragrance sales were up 2.9% to $1,119.0 million. WILD Finalizes Acquisition of A.M. Todd Ingredients | Flavors - Zug, Switzerland, and Kalamazoo, MI, USA – November 2, 2011 - WILD Flavors GmbH (WILD) has completed the acquisition of certain assets of A.M. Todd Ingredients | Flavors (A.M. Todd), a global leader providing Natural Mint Oils and Flavors for over 142 years, based in Kalamazoo, Michigan. The A.M. Todd India PVT. Ltd’s location in Asia is in one of the main worldwide geographical areas for growing mint plants and will allow for increased procurement of mint varieties. A.M. Todd has sales that total greater than $100 million. Other financial terms of the transaction were not disclosed. In addition to purchasing A.M. Todd’s natural mint business, WILD is acquiring unique science and technologies for the development and production of organic flavors, natural ingredients and plant extracts, which will enhance WILD’s natural flavor, color, and ingredient offerings. “With the addition of A.M. Todd’s product portfolio, WILD will be able to combine the advantages of natural mint oils with its specialized technologies in Health Ingredients, Colors, Taste Modification and Flavors to provide innovative and natural solutions to existing and new customer groups,” commented Mr. Michael Ponder, Chief Executive Officer of WILD Flavors GmbH. According to WILD Flavors, Inc.’s Chief Operating Officer, Dr. Erik Donhowe, “The acquisition will provide both companies the availability of greater resources, increased creativity and broader product lines resulting in new natural ingredients and product concepts, to significantly increase our customers’ successes.” Sensient F&F 3d Qtr 2011 Sales - Milwaukee, Oct 20, 2011 - Sensient's Flavors & Fragrances Group 3d quarter revenue increased 6.7% to $221.2 million, from $207.2 million in the third quarter of 2010. Operating income for the third quarter was $33.6 million, a 4.5% increase over the $32.2 million reported in last year's third quarter. Foreign currency translation increased revenue and operating income by approximately 3% and 2%, respectively. For the 9 months ending September 30, revenue for the F&F group increased 8.5% to $654.3 million while operating income increased 6.6% to $98.7 million. Firmenich 2010-2011 Sales - Oct. 12, 2011 - For the financial year ended June 30, 2011, Firmenich posted sales of CHF 2,781.6 million, a decline of 3.9% in Swiss Francs but an increase of 5.8% in local currencies. Perfumery posted robust single-digit sales increases in local currencies. Flavor sales posted high single-digit local currency growth with increases across all segments. Ingredients sales posted a healthy single-digit sales increase in local currencies. Givaudan 9 Month 2011 Sales - Geneva, 11 October 2011 – In the first nine months of 2011, Givaudan recorded sales of CHF 2,971 million, an increase of 4.7% in local currencies and a decline of 9.5% in Swiss francs compared to the previous year. Fragrance Division - In the first nine months of 2011, the Fragrance Division recorded sales of CHF 1,395 million, a growth of 4.4% in local currencies and a decline of 9.4% in Swiss francs. Flavour Division - In the first nine months of 2011, the Flavour Division recorded sales of CHF 1,576 million, an increase of 5.0% in local currencies and a decline of 9.6% in Swiss francs. WILD Reaches Agreement for Acquisition of A.M. Todd Ingredients/Flavors - September 12, 2011 - Zug, Switzerland, and Kalamazoo, MI, USA - WILD Flavors GmbH today announced the acquisition of certain assets of the A.M. Todd Group, Inc., a leading provider of mint flavors and ingredients based in Kalamazoo, Michigan. A.M. Todd is globally-recognized as the leader for natural mint flavors and value-added mint ingredients. The company also has unique technologies surrounding organic flavors and ingredients. With the addition of A.M. Todd’s product portfolio, WILD will be able to facilitate enhanced growth for its customer base with new business lines while also allowing for expansion into new markets and channels. Sensient Technologies - August 15, 2011 - Sensient Technologies Corp. has extended the employment contract for Chairman and Chief Executive Officer Kenneth Manning through December 2013. Manning's existing contract had called for him to serve in those roles until Jan. 1, 2013. The contract also calls for Manning to serve as chairman through December 2015. In addition, Manning will take on the titles of president and chief operating officer. Douglas S. Pepper, who had held those positions since July 2010. Pepper has been offered another position with the company. Takasago 1st Qtr. 2011-2012 Sales - August 12, 2011 - Takasago's 1st Qtr sales increased marginally to ¥29,694 million, up 0.7% from the prior year. Symrise Half Year 2011 Sales - Holzminden, Germany - August 11, 2011 - In the first six months of 2011 Symrise posted revenues of 811.8 million (+1.8%), or +2.6% in local currencies. The Scent & Care division generated sales of 409.5 million vs 411.9 million (-0.6%) (or +0.3% in local currencies) for the 1st half of 2011. Flavor & Nutrition generated 1st half sales of 402.3 million (+4.3%) and +5.1% in local currencies. IFF Half Year 2011 Sales - New York, August 9, 2011 - IFF's half year 2011 sales increased 8.3% to $1,429.9 million. 1st half Fragrance sales increased 4.3% to $745.9 million while Favor sales increased 13.1% to $684 million. 2d Qtr. net sales increased 7.5% to $715.6 million. 2d Qtr. Fragrance sales increased 2.4% while 2d Qtr. Flavor sales increased 13.5% to $345.4 million. Givaudan 1st Half 2011 Sales - Geneva, 4 August 2011 – Group sales for the first six months of the year totalled CHF 2,005 million, an increase of 4.3% in local currencies3 and a decline of 8.8% in Swiss francs compared to the previous year. Fragrance Division sales were CHF 927 million, an increase of 3.9% in local currencies and a decline of 8.8% in Swiss francs versus the same period in 2010. Flavour Division sales were CHF 1,078 million, an increase of 4.7% in local currencies and a decline of 8.8% in Swiss francs compared to the previous year. Operating income declined to CHF 215 million from CHF 330 million last year. On a comparable basis, excluding CHF 16 million of restructuring costs, the operating income declined to CHF 231 million in 2011 from CHF 377 million for the same period in 2010. When measured in local currency terms, the operating income on a comparable basis declined by 28.9%. The operating margin on a comparable basis declined to 11.5% in 2011 from 17.1% reported for the same period in 2010. T. Hasegawa 2010-2011 Half Year Sales - For the half fiscal year period ending March 31, 2011 Hasegawa reported net sales were ¥ 20,734 million, up 0.4% while net income increased 60.5% to ¥ 1,333 million. Full year sales and profitability are projected to fall 3.4% and 6.7% respectively reflecting the negative effects of the recent earthquake and tsunami. Kerry Group in talks to acquire Cargill flavours - July 15, 2011 – Kerry Group has confirmed it is in exclusive talks to buy the flavours arm of US food giant Cargill, which “may, or may not result in the sale of the business.” The potential acquisition of Cargill’s flavours business would see Kerry increase its presence in developing markets such as Asia and South America, and could help the Irish ingredients group to expand its presence in the beverage market. Firmenich - Grasse, France, July 11, 2011 – Firmenich is pleased to announce the official inauguration of its new Natural Ingredients Innovation Center in Grasse, France Firmenich - Geneva, Switzerland, June, 27, 2011 – Firmenich is pleased to announce that Mr. Fred-Henri Firmenich, former Chairman of Firmenich, was awarded the Marcos E. J. Bertin Quality in Governance Medal by the International Academy of Quality at the World Conference on Quality held in Budapest on June 22, 2011. The Bertin Medal was presented to Mr. Firmenich “in recognition of his exceptional professional contributions to the practice and development of sound principles of good corporate governance” Takasago Full Year 2010-2011 Sales - May 13, 2011 - Sales for the full fiscal year ending March 31, 2011 were ¥114,861 million, up 0.4% from the prior year. IFF 1st Qtr 2011 Sales - May 10, 2011 - IFF reported first quarter 2011 revenue of $714 million, 9% higher than the prior year period. Revenue in local currency also increased 9%. Flavor sales were $338.6 million, up 12.8%. Fragrance sales were $375.7 million, up 6.2%. Sensient F&F 1st Qtr 2011 Sales - Milwaukee, April 18, 2011 - The Flavors & Fragrances Group reported revenue of $206.7 million, a record for the first quarter and an increase of 8.4% compared to first quarter 2010 revenue of $190.7 million. Revenues were higher in both traditional flavors and dehydrated flavors due to strong volume gains. Group operating profit increased 6.5% to $29.0 million in the quarter, compared to $27.2 million in the first quarter of 2010. Favorable foreign currency translation increased Flavors & Fragrances Group revenue and operating income by approximately 1% and 2%, respectively. Solvay to Buy Rhodia for $4.8 Billion - April 4, 2011 – The cash tender offer of 3.4 billion euros ($4.8 billion) represents a 50 percent premium on Rhodia’s closing price. Combined, Solvay and Rhodia will have annual revenue of $17.1 billion. Givaudan 1st Qtr 2011 Sales - Geneva, 8 April 2011 – In the first quarter of 2011, Givaudan recorded sales of CHF 1012.3 million, which represents an increase of 3.1% in local currencies and a decline of 5.1% in Swiss francs, against strong comparables. The Fragrance Division recorded sales of CHF 467.4 million, a growth of 1.7% in local currencies and decline of 5.7% in Swiss francs. The Flavour Division reported sales of CHF 544.9 million, a growth of 4.2% in local currencies and a decline of 4.5% in Swiss francs. A.M. Todd - New Cost Saving Peppermint Oil - Kalamazoo, MI - March 28, 2011 – announced the development of a new formulation that has led to a significant savings potential for its key clients. “North American Peppermint Oil Natural”, a 100% North American Peppermint oil with a 25-30% savings below current and forecasted mint market prices. Frutarom Full Year 2010 Sales - Haifa, Israel – March 24, 2011 - Frutarom's revenues in FY 2010 totaled US$ 451.1 million, an 8% increase in comparison to revenues of US$ 425.2 million in 2009 in local currency terms. The strengthening of the US dollar against European currencies offset 1.9% of the increase in Frutarom's sales. In terms of US dollars, the sales increased by 6.1% compared to 2009. Frutarom's revenues in Q4 2010 totaled US$ 112.4 million, a 7.3% increase in local currency terms compared to Q4 2009. The strengthening of the dollar against European currencies offset 3.7% of the increase in Frutarom's sales. In terms of US dollars growth of 3.6% was achieved. Symrise Full Year 2010 Sales - Holzminden, March 9, 2011 - Symrise increased sales in 2010 by 15.4 % to 1.571.9 million (+11% in local currency) and exceeded its target to achieve sales growth of at least 8 %. Scent & Care sales increased 17.9% to 804.5 million while Flavor & Nutrition sales increased 12.9% to 804.5 million. Mane - 2010 Sales increase of 27.6% - February 15, 2011 - Mane achieved a consolidated turnover of 480.1 million euros in 2010, up 26.7% from 376.2 million euros in 2009 (personal communication). IFF 4th Qtr & Full Year 2011 Sales - Feb. 10, 2011 - IFF full year 2010 sales were $2,622.9 million, an increase of ~13% in reported sales as well as local currencies. For the 4th Qtr 2010, sales were $629.9 million, an increase of 7.6%. Fragrance sales for the full year were $1,419.6 million (+14.0%) while 4th Qtr sales were $331.6 million (+5.1%). Flavor sales for the full year were $1,203.3 million (+11.3%) while 4th Qtr sales were $298.2 million (+10.4%). Net income for the full year increased 34.8% to $263.6 million. Givaudan Full Year 2010 Sales - Geneva, 8 February 2011 – In 2010, Givaudan Group sales totalled CHF 4,239 million, an increase of 8.9% in local currencies and 7.1% in Swiss francs compared to the previous year. Sales of the Fragrance Division were CHF 1,988 million, an increase of 10.5% in local currencies and 9.0% in Swiss francs. Sales of the Flavour Division were CHF 2,251 million, an increase of 7.5% in local currencies and 5.4% in Swiss francs compared to the previous year. Sensient F&F 2010 Sales - Milwaukee, Feb 04, 2011 - The Flavors & Fragrances Group reported full year 2010 sales of $809.1 million, an increase of 4.7% vs. 2009. Operating income for the same period declined 2.0%. For the 4th Qtr, F&F sales were $206.1 million, up 5.2% while operating income declined 0.5%. As these figures include dehydrated products such as dehydrated vegetables that are about 28% of sales, we estimate that the sales of conventional flavors & fragrances in 2010 were about $582.6 million. FEMA GRAS List 25 - January 25, 2011 - This list of substances will appear in the 25th publication authored by the Expert Panel of the Flavor and Extract Manufacturers Association on recent progress in the consideration of flavoring ingredients “generally recognized as safe” (GRAS) under conditions of their intended use in food flavorings in accordance with the 1958 Food Additives Amendment to the Federal Food, Drug and Cosmetic Act. Robertet Full Year 2010 Sales - 17 January 2011 - Robertet has reported sales for 2010 of 362.25 million euros, an increase of 18.7% over 2009. Fragrance sales increased 15.7% to 130.6 million euros. Flavour sales increased 17.3% to 143.5 million euros and Ingredient sales increased 26.1% to 85.8 million euros. Pinova Acquires LyondellBasell Flavors & Fragrances - December 23, 2010 - BRUNSWICK, GA and JACKSONVILLE, - Pinova Holdings, Inc. ("Pinova Holdings"), the parent company of Pinova, Inc. ("Pinova"), today announced that it has acquired LyondellBasell Flavors & Fragrances, LLC ("LBFF") from LyondellBasell. LBFF is now renamed Renessenz. Renessenz will continue to be led by its current management team. LBFF has more than 400 customers in 48 countries and is one of the world's largest producers of terpene flavor and fragrance ingredients derived from natural and renewable raw materials. Pinova is a leading global supplier of wood and gum rosin and polyterpene resin specialty chemicals derived from natural and renewable raw materials. Together, the combined companies will have sales of more than US$250 million and about 450 employees. "We are very pleased to welcome LBFF into the Pinova family," said David Bookbinder, Executive Chairman of Pinova Holdings. "This is an excellent business with a long history of successful innovation, industry leading customers, a broad array of products, and experienced and dedicated employees. We plan to invest in LBFF and its people, just as we have done with Pinova, with the aim of generating growth by delighting our customers through innovation and outstanding service. We believe that LBFF is a great strategic fit including a similar natural and renewable raw material platform. Pinova Holdings is a portfolio company of TorQuest Partners, a leading Canadian private equity firm. T. Hasegawa 2009-2010 Sales Results - December 13, 2010 - for the full year ending September 30, 2010 consolidated net sales were ¥ 45,167 million, up 4.4%. For the same period, net income increased 58.5% to ¥ 2,840 million. Takasago Half Year 2010-2011 Sales - November 22, 2010 - Sales for the half fiscal year ending September 30, 2010 were ¥ 60,547 million, up 2.9% from the prior year while net income increased 85.1% to ¥ 3,325 million. Frutarom 3d Qtr 2010 Sales - Haifa, Israel – November 16, 2010 - Frutarom's revenues in the first 9 months of the year totaled US$ 338.7 M, an increase of ~ 8.2% in local currency terms compared to the first nine months of 2009 which totaled US$ 316.7. In US$ terms, Frutarom's sales increased by ~ 6.9% compared to the first nine months of 2009. Frutarom's revenues in 3d Qtr 2010 totaled US$ 111.0 M, an increase of 4.8% vs 2009. The weakening of the Euro and the Pound Sterling against the US$, which was slightly offset by the strengthening of the Swiss Franc and the NIS against the US$, resulted in a 0.6% decrease in sales in US$ terms compared to 3d Qtr 2009. |
Welcome to the Leffingwell & Associates Web site. We are dedicated to serving the Perfume, flavor, food and beverage community with information, products and services. This Web site offers information on interesting subjects related to Perfume and Flavor Chemistry...and many links for those interested in flavors, fragrance, olfaction, herbs and spices, botanical medicine, as well as organoleptic properties and molecular visualization of selected flavor & fragrance materials. |
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For
past News visit our Archives Flavor-Base 2010 - A new version to the world's most extensive database on flavoring materials and food additives. Beverage-Master 2011 - NEW - A new version with enhanced features for Excel 2007 & 2010. The world's leading program for beverage development. Juice-Master 2011 - NEW - A new version with enhanced features for Excel 2007 & 2010. The leading program for development of juice containing beverages. Chiral chemistry in flavours & fragrances - March 31, 2011 - a new article by John C. & Diane Leffingwell from the March 2011 issue of Speciality Chemicals Magazine. Volatile Constituents of the Giant Puffball Mushroom (Calvatia gigantea) - March 26, 2011 - by John C. Leffingwell & E.D. Alford - a new article disclosing the first report of anthranilate esters in a mushroom species. Cooling Ingredients and Their Mechanism of Action, by John C. Leffingwell in Handbook of Cosmetic Science and Technology, Third edition, André O. Barel, Marc Paye, and Howard I. Maibach, Editors, Pub: Informa Healthcare: New York. Chapter 65, pp. 661-675 (2009) - sign in at Amazon to read the article. Human Pheromones: What’s Purported, What’s Supported by Charles J. Wysocki and George Preti, A Sense of Smell Institute White Paper, July 2009. The Taste of Carbonation - October 2009 - Charles S. Zuker and co-workers shed light on the receptor mechanism(s) that drive the sensory perception of CO2 in the October 16th issue of Science magazine. Electronic 'nose' could shed light on sense of smell - Chemical World, April 2009 Issue - Korean researchers combine human smell receptors with nanotechnology to create a new kind of 'bio-electronic nose' that they hope will help improve understanding of the human sense of smell. For the original article - go to Polypyrrole Nanotubes Conjugated with Human Olfactory Receptors... The sweet scent of success by Emma Davies, Chemistry World, Vol 6 (2 ), February 2009 - Interesting insights into some of the world's most celebrated perfume molecules. To download a pdf file of this article, click HERE Molecular mechanism for the umami taste synergism - An article by F Zhang et al, PNAS, 2008, DOI: 10.1073_pnas.0810174106 - a proposed unique venus fly-trap molecular mechanism by which molecules drastically enhance umami flavour - the savoury taste associated with protein-rich foods such as meat, cheese and seafood. Perfumers' odor perception space - An article by Manuel Zarzo & David T. Stanton, Understanding the underlying dimensions in perfumers' odor perception space as a basis for developing meaningful odor maps, Attention, Perception & Psychophysics, 71(2), 225-247 (2009) The Flavor & Fragrance Market - New article by Herta Ziegler in the 2007 book Flavourings: Production, Composition, Applications, Regulations
ESO 2000 (update 2006) - a major update of ESO - The Complete Database of Essential Oils. The new ESO 2000 (update 2006) has 33% more analyses with 21% more chemical compounds than its earlier version. PMP 2001 Rated the Top Ranked Olfactory Database - In J. Chem. Inf. Model. 2006, 46, 32-38, Comparing the Information Content of Two Large Olfactory Databases by Marco Pintore, et. al., ..."But more important for the aim of this work, all validation and prediction scores associated with the PMP 2001 data sets were clearly superior to the Arctander ones, with differences ranging between 5 and 20%. Then, these results seem to indicate the information content included in the PMP 2001 database is more trustable and it should be adopted as reference database for deeper studies on more extended olfactory data sets." I n t h
e N e w s Visit the BACIS web pages - now on our site (Boelens Aroma Chemical Information Service). Lots of free information. Menthol - A COOL
Site: Sensient F&F 2d Qtr 2010 Sales - Milwaukee, July 23, 2010 - The Flavors & Fragrances Group reported 2 Qtr sales of $205.0 million, an increase of 3.8% vs. 2009. For the first half of 2010 F&F sales were $ 395.7 million, also up 3.8%. Robertet 2d Qtr 2010 Sales - 20 July 2010 - Robertet has announced that its Q2 2010 turnover increased by 30.1%, to 98.9 million euro. For the half year 2010, sales were up 21.8% to 183.6 million euros. For the half year "natural" raw materials were up 31.9%, fragrance was up 21.4% and flavor up 16.8%. Firmenich - New Head of Perfumery - June 30, 2010 - Firmenich has appointed Armand de Villoutreys President Perfumery Division and a member of its Executive Committee, effective July 1, 2010. He succeeds Michel Bongi, who retires after 39 years with the company, eight of which as Head of Perfumery on the Group’s executive team. Redpoint Bio and IFF sign deal - June 30, 2010 - IFF has been granted a 5 year exclusivity period to commercialize Redpoint's natural sweetness enhancer RP44 (Rebaudioside C). Symrise to double L-menthol production - Holzminden, June 10, 2010 - The company plans to double its existing capacity by the middle of 2012. BASF adds L-menthol to product range - June 2, 2010 - BASF is constructing a new production plant for the aroma chemical L-menthol at the company's Ludwigshafen site. The new plant is expected to come on stream in 2012. L-Menthol is another important addition to BASF's citral value chain. BASF Menthol Process - June 1, 2010 - a mini-review of recent developments World Perfumery Congress - June 1 - June 4, 2010 in Cannes, France - BASF to introduce Lysmeral® Extra (Improved lily-of-the-valley scent), Pyranol - a mild, harmonious floralcy resembling muguet (lily of the valley) and Prenyl acetate. Takasago Full Year 2009-2010 Sales - May 14, 2010 - Sales for the full fiscal year ending March 31, 2010 were ¥114,347 million, down 7.8% from the prior year. A.M. Todd Organization Changes - Kalamazoo, MI - May 12, 2010 - Henry Todd, Sr. has decided to retire after serving for more than 10 years as Chairman & CEO of the A.M. Todd Group. Mr. Todd spent his entire 41 year career at the company, including his role as President of Zink & Triest from 1993 through 2002. He will remain on the Board of Directors. Succeeding Mr. Todd in the role of President & CEO is Raymond J. Hughes. Prior to joining A.M. Todd as President of the Ingredients„ Flavors Division in 2006, Mr. Hughes spent more than 25 years in the flavor and fragrance industry, leading the North American Flavor Division at Symrise as President following the Dragoco/ H&R merger in 2002. Before that he was President & CEO of Dragoco North America. Mr. Hughes is currently the President of the Flavor and Extract Manufacturers Association of the United States as well as a Board member of the International Organization of Flavor Industries based in Brussels Belgium. IFF 1st Qtr 2010 - May 6, 2010 - International Flavors & Fragrances Inc. has reported 1st Qtr 2010 revenue of $653.9 million, 16.8% higher than the prior year quarter. Total revenue in local currency increased 13 percent. Flavor sales increased 12.8% (+8% in local currency) to $300.2 million. Fragrance sales increased 20.1% (+18% in local currency) to $353.7 million. Symrise 1st Qtr 2010 - May 4, 2010 - Symrise significantly increased sales and earnings in the first quarter of 2010. In an improving market environment the company saw sales al local currency grow 13.2 %, or 12.8 % (to 392.5 million) at actual rates. Scent & Care posted sales of 204.8 million (13.9 %) & 14.1 % in local currency. Flavor & Nutrition saw sales rise 12 % (12 % at local currency) to 186.2 million. Senomyx 1st Qtr 2010 Highlights - April 29, 2010 - “The beginning of 2010 has been very eventful for Senomyx,” stated Kent Snyder, CEO of the Company. “We strengthened our balance sheet through our February financing and the receipt of nearly $10 million in milestone and license fee payments from collaborators. In addition, for the first time in Senomyx’s history, three of our collaborators, Nestlé SA, Ajinomoto Co., Inc., and Firmenich SA, are conducting new market introductions of products that contain Senomyx flavor ingredients. Revenues were $7.7 million for the first quarter of 2010, compared to $3.5 million for the first quarter of 2009, an increase of 120%. The increase was primarily due to the recognition of $4.7 million in license fee, milestone, cost reimbursement and R&D funding revenue related to the Company’s August 2009 Sweet Enhancer collaboration with Firmenich. First quarter 2010 revenues include a total of $2.4 million in non-recurring milestone payments and cost reimbursements from collaborators. Sensient F&F 1st Qtr 2010 Sales - Millwaukee, April 19, 2010 - The Flavors & Fragrances Group reported 1st Qtr sales of $190.7 million, an increase of 3.3% compared to 1st Qtr 2009 revenue of $184.5 million. Revenue and operating profit, as reported, were up in the traditional flavor product lines, but this growth was offset by lower revenue and profits from the dehydrated flavors product lines. Revenue and profits from dehydrated flavors were down as a result of price adjustments in advance of lower raw material costs. Group operating profit was $27.2 million, compared to $30.0 million in the comparable period in 2009. Favorable foreign currency translation increased Flavors & Fragrances Group revenue and operating income by approximately 5% and 4%, respectively. CPL Aromas - April 19, 2010 - CPL Aromas has relauched its website with highlights of perfumer inspirations and the company's new EcoBoost and Aromaguard technologies.. Givaudan 1st Qtr 2010 Sales - Geneva, Switzerland – 9 April 2010 – In the first quarter 2010, Givaudan recorded sales of CHF 1,066.4 million, a strong increase of 10.6% in local currencies and 9.2% in Swiss francs. Both Fragrances and Flavours, contributed to the strong result. The Fragrance Division recorded sales of CHF 495.7 million, a growth of 14.3% in local currencies and 13.1% in Swiss francs. Fine Fragrance sales grew by 26.9% in local currencies. The Consumer Products business unit grew by 10.5% in local currencies. Sales for Fragrance Ingredients grew 18.0% versus the 1st Qtr of 2009. The Flavour Division reported sales of CHF 570.7 million, representing a growth of 7.6% in local currencies and 6.1% in Swiss francs. Frutarom 4th Qtr & Full Year 2009 Sales - Haifa, Israel – March 16, 2010 - Frutarom's full year sales fell 10.2% (in US $) vs. 2008, totaling $425.2 million. 4th Qtr sales increased 9.9% to $108.5 million. Symrise Full Year 2009 Sales - Holzminden, March 3, 2010 - In 2009, Symrise had a 3.2 % increase in Group sales from 1,319.9 mil-lion to 1,362.0 million. Sales at local currency rose by 2.7 %. The Flavor & Nutrition division increased revenues from 648.1 million to 679.7 million in the 2009. The Scent & Care division benefited from an increase in business during the second half of the year. Sales for the division rose by 1.6 % to 682.3 million (previous year: 671.8 million). Molecular mechanism of the sweet taste enhancers - Insight on Senomyx's Sucralose & Sucrose enhancers. Includes 4-Amino-5,6-dimethylthieno[2,3-d]pyrimidin-2(1H)-one (FEMA# 4669, which appears on the Interim FEMA list of substances that will appear in the 25th GRAS List) FEMA# 4669 is included in Synomyx's United States Patent Application 20080306093. A related sweetness enhancer (3-[(4-Amino-2,2-dioxido-1H-2,1,3-benzothiadiazin-5-yl)oxy]-2,2-dimethyl-N-propylpropanamide) assigned FEMA# 4701 is included in Synomyx's WIPO Patent Application WO/2008/154221. Givaudan 4th Qtr & Full Year 2009 Sales - Geneva - Feb. 16, 2010 - In 2009, Givaudan group sales totalled CHF 3,959 million, an increase of 1.4% in local currencies and a decrease of 3.1% in Swiss francs compared to 2008. On a comparable basis (in local currencies and excluding the impact of divestments), sales increased by 1.6% versus 2008. The Fragrance Division recorded full year sales of CHF 1,824 million, an increase of 0.9% in local currencies and a decrease of 3.9% in Swiss Francs. After a challenging first quarter, business momentum recovered, improving consistently during the three consecutive quarters. The Division achieved sales growth of 5.3% in local currencies during the 4th Qtr 2009. The Flavour Division reported full year sales of CHF 2,135 million, representing a growth of 1.9 % in local currencies and a decline of 2.5 % in Swiss francs. Excluding the effects of the divested business, sales performance in local currencies increased 2.2%. During the fourth quarter of this year, the Division achieved sales growth of 4.3% in local currencies. Robertet 2009 Sales - Feb. 15, 2010 - Robertet has announced that its 2009 turnover increased by 0.6% to 305.1 million euro. The company's flavor division (accounting for about 40% of the company's total turnover), reported a 5.3% growth to 122.3 million euro. Takasago 3 Qtrs 2009-2010 Sales Results - Feb. 12, 2010 - For the 3 Qtrs period, April 1, 2009 - December 31, 2009, sales declined 9.5% to ¥ 87,576,000. The company projects a Consolidated Financial Sales Forecast for the fiscal year (April 1, 2009 - March 31, 2010) of ¥ 117,000,000, a decline year over year of 5.6%. IFF 4th Qtr & Full Year 2009 Sales - Feb. 09, 2010 - IFF full year 2009 sales decreased 2.6% to $2,326.2 million vs 2008. 4th Qtr sales increased 8.6% to $585.6 million. Flavor sales for the full year were down 1% to $1,081.5 million while flavor sales in the 4th Qtr increased 7.8% to $270.2 million. For the full year 2009 Fragrances were down 4% to 1,244.7 million while 4th Qtr sales increased 9.4% to $315.4 million. Mane 2009 Sales increase 13% - February 08, 2010 - Mane achieved a turnover of 376.2 million euros in 2009, up 13.1% from 332.5 million euros in 2008. Sensient F&F 4th Qtr & Full Year 2009 Sales - February 05, 2010 - The Flavors & Fragrances Group of Sensient reported revenue for the 4th Qtr. of $195.96 million, an increase of 2.3% compared to to the same period in 2008. For the full year, sales declined 3.5% to $772.87 million vs the same 2008 period. As these figures include dehydrated products such as dehydrated vegetables that are about 29% of sales, we estimate that the sales of conventional flavors & fragrances in 2009 were about $548.7 million. Senomyx’s 4th Qtr and Full Year 2009 Financials – February 4, 2010 – Senomyx revenues were $4.9 million for the 4th Qtr of 2009, compared to $3.5 million for the 4th Qtr of 2008. The increase was primarily due to the recognition of revenue related to the Company’s 2009 Sweet Enhancer collaboration with Firmenich. In 2009, the Company received $12 million in license fee payments related to this collaboration, of which $1.4 million was recognized as revenue in the fourth quarter of 2009. Revenues were $15.5 million for the year ended December 31, 2009, compared to $17.2 million for the year 2008. Annual revenue in 2008 included $3.6 million of revenue related to an $8.0 million upfront payment associated with the expansion of the Company’s collaboration with Ajinomoto in August 2007. The upfront payment was recognized as revenue ratably over the nine month period from August 2007 through April 2008. This was partially offset by the recognition of revenue in 2009 related to the Company’s 2009 collaboration with Firmenich. As noted above, in 2009, the Company received $12 million in license fee payments related to this collaboration, of which $2.3 million was recognized as revenue in 2009. Firmenich - New Flavors Head - Geneva, Switzerland, January 13, 2010 – Firmenich has appointed Aldo Uva Corporate Vice President Flavors and a member of its Executive Committee, effective January 2010. He replaces Don Hartman, who retired at the end of 2009 after 38 years with the company, 12 as Head of Flavors on the Group’s Executive Committee. Don Hartman was instrumental in taking Firmenich from a small player in the Flavors market to the number two position it enjoys today. Amyris Enters Into Collaboration and Joint Development Agreement with Firmenich - November 10, 2010 - Amyris, Inc. announced today that it has entered into a collaboration and joint development agreement with Firmenich. This is the first agreement for Amyris in the fragrance and flavor industry and provides an opportunity to add higher-value ingredients to their expanding product portfolio. Under the agreement, Firmenich will fund technical development at Amyris to produce a sustainable, cost-effective and reliable source of a key ingredient for the fragrance and flavor market. Under the agreement, Amyris will manufacture and supply product to Firmenich, Firmenich will market and distribute the product, and the parties will share in the economic value derived. The agreement between the parties also grants worldwide exclusive commercialization rights in fragrance and flavor to Firmenich for the ingredient, which will be manufactured by Amyris. In addition, Firmenich has an option to collaborate with Amyris to develop a second ingredient. Symrise 9 Month 2010 Sales - Holzminden, November 9, 2010 - In the first three quarters of 2010 Symrise increased Group sales by 16.4 % (12.4 % at local currency) from 1,037.5 million to 1,207.7 million. The Group enjoyed strong demand in established as well as in emerging markets, with th latter being 46 % of sales. Scent & Care sales rose 19.9 % to 621.8 million while Flavor & Nutrition rose 12.9% to 586.0 million. IFF 3d Qtr 2010 Sales - New York, 4 November 2010 - IFF reported 3d Qtr 2010 revenue of $673.3 million, 9.9 % higher than the prior year quarter. For the 9 months, sales increased 14.5% to $1,993 million. Flavor sales increased 9.1% in the 3d Qtr to $300.5 million and for the 9 months were up 11.6% to $905 million. Fragrance sales were up 10.5% in the 3d Qtr to $337.2 million and for the 9 months increased 17.1% to $1,088 million. Sensient F&F 3d Qtr 2010 Sales - Milwaukee, October 27, 2010 - The Flavors & Fragrances Group reported 3d Qtr sales of $207.2 million, an increase of 6.4% vs. 2009. For the 9 monrth period F&F sales were $603 million, up 4.5%. Firmenich
2009-2010 Sales
- Oct. 13, 2010 - For the financial year ended June
30, 2010, Firmenich posted record sales of CHF 2873 million,
an increase of 12.1% in local currencies and 8.7% in Swiss
Francs, regaining its position as growth leader in the
fragrance and flavor industry. This performance was driven
by double-digit growth in Perfumery and Flavor segments,
with a particularly strong rebound in Fine Fragrance during
the second half of the year. The perfume and flavor
ingredients business followed the trend, recording a healthy
high single-digit growth performance. Givaudan 3d Qtr 2010 Sales - Geneva, 8 October 2010 – In the first 9 months of 2010, Givaudan recorded sales of CHF 3,283 million, an increase of 9.8% in local currencies and 8.5% in Swiss francs with both divisions contributing to this good result. In the first 9 months of 2010, the Fragrance Division recorded sales of CHF 1,539 million, a growth of 12.0% in local currencies and 10.9% in Swiss francs. In the 3d Qtr, Fragance division sales increased 12% in local currencies and 10.9% in Swiss francs. In the first nine months of 2010, the Flavour Division recorded sales of CHF 1,744 million, an increase of 7.9% in local currencies and 6.5% in Swiss francs. In the 3d Qtr, Flavour division sales increased 7.5% in local currencies and 3.8% in Swiss francs. Symrise Half Year 2010 Sales - Holzminden, August 10, 2010 - Group sales were up 16.4 % to to 797.5 million with 46 % of sales generated in emerging markets - Scent & Care sales rise 20 % while Flavor & Nutrition rose 12.8%. Givaudan Half Year 2010 Sales - Geneva, 5 August 2010 - Group sales for the first six months of the year totalled CHF 2,199 million, an increase of 10.5% in local currencies and 10.2% in Swiss francs compared to the previous year. Fragrance Division sales were CHF 1,017 million, an increase of 13.3% in local currencies and 13.1% in Swiss francs versus the same period in 2009. Flavour Division sales were CHF 1,182 million, an increase of 8.1% in local currencies and 7.8% in Swiss francs compared to the previous year. Operating income increased to CHF 330 million from CHF 245 million last year. On a comparable basis, excluding CHF 47 million of integration costs and impairments, the operating income increased to CHF 377 million in 2010 from CHF 282 million for the same period in 2009. IFF Half Year 2010 Sales - New York, 5 August 2010 - IFF reported second quarter 2010 revenue of $666 million, 17 % higher than the prior year quarter. For the Half year, sales also increased 17% to $1,319.7 million. Flavor sales increased 12.8% in the 2d Qtr to $304.3 million and for the half year were also up 12.8% to $604.5 million. Fragrance sales were up 21.1% in the 2d Qtr to $361.5 million and for the half year increased 20.8% to $715.2 million. Mane’s Monomenthyl Succinate Patents Affirmed - LE BAR-SUR-LOUP, FRANCE, August 4, 2010 – Mane is pleased to announce that the U.S. Patent Office has recently confirmed the validity of all claims of its U.S. Patents Nos. 5,725,865 and 5,843,466 which cover the use of Monomenthyl Succinate (MMS) as a cooling additive in food and beverage products. This confirmation rejects a petition for reexamination filed by International Flavors and Fragrances, Inc. Mans Boelens Passes - It is with great sadness that we report Mans Boelens passed away on July 22, 2010. He was 79. He will be missed by all in the F&F industry. A pioneer in many areas - GC-MS, synthesis, structure-odor relationships, Chirality & odour as well as a foremost expert in essential oils. For those of us at Leffingwell & Associates, he was a partner and collaborator that developed the ESO, VCF, FRM, PMP and PFC databases that are so widely used in our industry. But most of all we will miss a very good friend.
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