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News Archives
Frutarom
acquires RAD Natural
Technologies
- HAIFA, Israel, November 19 - Frutarom has purchased
RAD Natural Technologies Ltd., a company producing unique
natural plant extracts with anti-oxidant properties for use
in food, dietary supplements and cosmetic products. RAD's
sales fo 2006 totaled US$ 1.2 million and US$ 0.9 million
for the first six months of 2007. Fruarom's prior
acquisitions thus far in 2007 include: Gewurzmueller,
Raychan, Abaco, Adumim Food Additives, Jupiter and
Belmay.
Symrise
- 9 Month 2007 Sales
Results -
November 5, 2007- Symrise reported sales for the
first nine months of 2007 of ¬989.2 million, an
increase of 4.7% in actual exchange rates. The Scent &
Care division increased its sales in local currencies by
8.5% to reach ¬521.8 million. The Flavor &
Nutrition division grew by 5.2% in local currencies to reach
¬467.4 million. Net income for the period more than
tripled over the same period 2006, from ¬19.0 million
to ¬84.3 million.
IFF'S
9 Month 2007 Sales Results
- October 31, 2007 - 9 month total sales increased 9
% to $1,723.14 million from $1,581.07 million in the prior
year while net income increased 12% to $199,905 million from
$178,518 million. 3rd Qtr sales increased 8% to $583.31
million, from $539.14 million in the prior year period.
Reported sales benefited from the weaker U.S. dollar, mainly
against the Euro and Pound Sterling. For the quarter, net
income fell to $58.8 million, or 67 cents per share, from
$63.6 million, or 70 cents per share in the prior year
quarter. The company said the results included a pension
curtailment loss of 4 cents per share. Excluding that
charge, IFF earned 71 cents per share. For the 3d Qtr,
Flavor sales increased 12% to $256.42 million from $226.73
million due to new wins and volume growth in each region
while Fragrance sales increased 6% to $326.89 million from
$309.4 million and was driven by an 11% increase in both
fine and beauty care sales and ingredient sales.
Sensient
F&F 3d Qtr Results
- Oct. 19, 2007 - Sensient's flavor and fragrance
group reported record third quarter revenue of $197.2
million (+4%) and operating income of $29.2 million (+
8.9%). For the first nine months of the year, revenue rose
6.6% to $584.3 and operating income jumped 12.6% to $87.2
million. The company indicates improvement in pricing,
operating efficiencies and favorable foreign currency
translation for the positive results. In seaparate news
Sensient announced that Neil Cracknell has been elected to
the position of Vice President and Deputy Group Executive of
the Flavors & Fragrances Group.
Frutarom
buys Gewurzmuller
- October 15, 2007 -Frutarom Industries Ltd announced
that it has agreed to acquire Gewurzmuller Group of Germany
for $67 million. The Haifa, Israel-based food company said
that the Gewurzmuller Group is made up of two companies,
Gewurzmuller GmbH and Blessing Biotech GmbH, which together
posted 2006 revenues of $65 million. The company said that
it would finance the deal from its long-term debt
facilities. Frutarom Industries added that operations of
Gewurzmuller would be merged with its own operations in
Israel, as well as with Nesse of Germany, which it had
acquired last year.
Firmenich
Year End 2006/2007 Sales
- Geneva - Ocober 11, 2007
-Firmenich posted industry-leading organic growth for its
fiscal year ended June 30, 2007. Group sales increased 9.7%
in local currencies, 8.6% in Swiss Francs, to reach an
annual turnover of CHF 2.5 billion.
Givaudan
9 Month 2007 Sales Results
- Geneva, Switzerland – 8 October 2007 –
In the first nine months of 2007, Givaudan recorded sales of
CHF 3,105 million, an increase of 40.6% in local currencies
and 41.1% in Swiss francs. This reflects the inclusion of
Quest sales as of March 2007 and the good organic growth of
the combined business. On a pro forma basis, as if Quest had
already been consolidated since 1 January 2006 and excluding
the impact of the flavour portfolio streamlining, sales grew
5.1% in local currencies. The local currencies growth
including this effect was 3.7% and 4.2% in Swiss francs. The
integration of Quest International is progressing well.
Givaudan reconfirms the planned phasing of its estimated
savings and integration costs, published at the 2007 Half
Year Results. Givaudan reiterates it is on track to generate
the expected CHF 200 million integration synergies until
2010. The company DID NOT give third-quarter numbers,
but - according to Dow
Jones Newswires calculations - sales in the third
quarter rose to CHF1.10 billion compared with CHF726 million
in the same quarter last year, close to analyst
expectations. A Dow Jones Newswires survey of five analysts
had forecast a 53% rise in sales to CHF1.11 billion.
Rudolf
Wild Prepares to Go Public - September 27, 2007 -
During the next two years Dr. Hans Peter Wild intends to
restructure WILD and its European companies to prepare them
for the capital market. By doing this he will establish a
solid base for the continual long term and successful
development of the company’s global activities. "We
will actively change and shape the enterprise ourselves
while using the experience of McKinsey to assist in the
process. Our decision is a clear sign to our employees that
we will work together for solid growth. Dr. Wild emphasizes
that the success factors of the past, in particular customer
orientation and innovation will remain the main focus of
activity for WILD in the future.
Frutarom
Half Year 2007 Sales & News - August 27
- Frutarom's sales for the second quarter ending June30th
grew by 26.8 per cent to $91.7m. First half sales for this
year grew by 20.1 per cent to total $172.2m from last year.
Operating profit reached US$ 9.7 million in the second
quarter compared with US$ 8.6 million in the prior year
period. Operating profit reached US$ 20.1 million in the
first half of this year compared with US$ 18.9 million in
the first half of 2006. So far during 2007, Frutarom has
made 5 acquisitions:
Belmay Ltd. (UK) - April 1, 2007
Jupiter Flavours Ltd. (UK) -
April 19, 2007
Adumim Food Additives Ltd. (IL) -
June 28, 2007
Abaco (US) - on July 3, 2007
Raychan Food Industries Ltd. (IL) - August
27, 2007
Symrise
Half Year 2007 Results
- August 9, 2007 - Group sales for the period from
January to June 2007 increased by 4.5 per cent to EUR 660.9
million. In local currencies, Group sales increased by 6.8
per cent over the prior-year period. Both divisions
contributed similarly to this growth: the Scent & Care
Division increased its sales in local currencies by 7.5 per
cent, while the Flavor & Nutrition Division’s
sales were 6.1 per cent higher.Net income for the period
more than tripled in the period under review, from EUR 15.5
million in the prior-year period to EUR 52.6 million.
Takasago
1st Qtr Sales 2007 - August 7, 2007 - 1st Qtr
sales for the period April 1st to June 30th increased 10.6%
to ¥ 31,635 million over the prior year period while
operating profit increased 31.2% to ¥ 2,775
million.
IFF
2d Qtr 2007 Results - August 7, 2007 - Sales rose
8 percent in the second quarter to $573.7 million compared
to $530.5 million in the prior year period. Sales benefited
from the generally weaker U.S. dollar, mainly against the
Euro and Pound Sterling; at comparable exchange rates, sales
would have increased 5 percent over the 2006 quarter.
Earnings for the three-month period ended June 30 rose to
$78.4 million, or 87 cents per share, compared to $61.2
million, or 67 cents per share, in the prior-year period.
Excluding the quarter's tax adjustment, the company reported
adjusted earnings of $68.4 million, or 76 cents per
share.
T.
Hasegawa Half Year 2007 Results - For the period
Oct.1, 2006 to March 31, 2007 Net Sales increased 7.5% to
¥ 23,724 million from the prior year period while Net
income increased by 21.2% to ¥ 1,862 million.
Sensient
F&F Half Year 2007 Sales - For the six
months ended June 30, 2007, revenue for the Flavors &
Fragrances segment was $387.2 million, an increase of 7.9%
from $358.8 million reported in the same period last year.
The increase in revenue was primarily due to higher volumes
and prices in North America ($9.9 million) and higher
volumes in the fragrances product line ($4.3 million)
combined with the favorable impact of foreign exchange rates
($9.6 million). Revenue for the Flavors & Fragrances
segment in the second quarter of 2007 increased 7.7% to
$202.9 million from $188.3 million for the same period last
year. The increase in revenue was primarily due to higher
volumes and prices in North America ($4.8 million) and
higher volumes in the fragrances product line ($2.6 million)
combined with the favorable impact of foreign exchange rates
($5.2 million).
Givaudan
Half Year 2007 Results
- Geneva, 3 August 2007. During the first six months
of 2007, sales increased to CHF 2,005 million from CHF 1,474
million in the previous year. This resulted in a growth of
36.3% in local currencies and 36% in Swiss francs. These
sales include the acquisition of Quest as of 2 March 2007.
On a pro forma basis - which reflects the combined activity
of Givaudan and Quest over the period ending 30 June 2007
and assumes that the acquisition had taken place on 1
January 2006 - sales increased by 4.4% in local currencies
and 4.6% in Swiss francs. Excluding the ongoing flavour
portfolio streamlining, pro forma sales growth was 5.7% in
local currencies. Gross margin, EBITDA and operating profit
margins in pro forma terms improved slightly compared to
previous year’s level. Pro forma net profit declined
by 20%, related to a one time, non-cash tax adjustment. On a
comparable basis, the operating profit in pro forma terms
increased to CHF 282 million from CHF 248 million, resulting
in an improved operating margin of 12.6% compared to 11.6%
last year. In actual terms, the operating profit declined to
CHF 185 million from CHF 313 million. The actual 2007 result
includes one time integration related costs of CHF 100
million and an additional CHF 84 million amortisation of
intangible assets resulting from the Quest acquisition.
A.M.
Todd announces
"Mooreganics"
- the new name in organic ingredients and flavors.
KALAMAZOO, MI, August 2, 2007 - At the IFT 2007 Annual
Meeting and Food Expo in Chicago, A.M. Todd proudly
introduced a new brand for its organic expertise:
Mooreganics. This unique name captures the heritage of Moore
Ingredients, which A.M. Todd acquired during the first
quarter of 2007.
Firmenich
Completes Acquisition - Geneva, Switzerland, July
2, 2007 – Firmenich has announced that it completed
today the acquisition of Danisco’s Flavor Division,
after approval from the relevant authorities.
Frank Szpak
- one of the great flavorists of
our era - In memorium - on June 13th, 2007, Frank
passed away - an unassuming man of extreme talent that
helped both Firmenich & IFF to their success in
flavors.... And a good friend & mentor to many in the
industry - we will all miss him.
Stakes
and Professions in Perfumery
A rare find - for those interested in the current (Year
2007) state of the profession of Perfumery
Takasago
2006-2007 Record Sales - May 15, 2007 - Sales for
the fiscal year ending March 31st were ¥113,876
million, up 7.7% from the prior year. Net income inceased
68% to ¥ 4,885 million.
Symrise
1st Qtr 2007 Sales - May 15, 2007 - Group sales
were 5.3 per cent higher than in the same quarter the
previous year at EUR 331.2 million. Earnings before
interest, taxes, depreciation and amortization (EBITDA)
improved by about 20 per cent, from EUR 61.1 million to EUR
73.5 million. This large increase in earnings raised the
EBITDA margin from 19.4 per cent to 22.2 per cent, which
puts the company among the leaders in its industry. Net
income for the period after deduction of taxes increased
even more than EBITDA: by 81.4 per cent, from EUR 16.1
million to EUR 29.2 million. Sales in the Scent & Care
Division went up by 6.5%, while sales by the Flavor &
Nutrition Division were 4.0%. Exchange rate adjusted, growth
rates were considerably higher, which emphasizes the
strength of the company's operations on the international
markets even better: the sales increases were 10.4% by Scent
& Care and 7.1% by Flavor & Nutrition.
Firmenich
to Acquire Danisco Flavors - Geneva, Switzerland,
May 3, 2007 - Firmenich, the world's largest privately-owned
fragrance and flavor company, is pleased to announce that it
has signed an agreement to acquire Danisco's Flavor
Division, which specializes in natural and nature-identical
ingredients for the food, beverage and fragrance industries.
Annual sales of the Danisco Flavor Division represent DKK
1.5 billion (around CHF 335 million), and the acquisition
price is DKK 3.36 billion (around CHF 730 million). At the
same time, Firmenich and Danisco are entering an exclusive
partnership that brings together the best in taste and
texture to deliver comprehensive flavor and food ingredient
solutions to targeted segments of the market. Firmenich will
also be creating an innovation centre in the south of
France, specifically designed to further develop its
expertise in natural fragrance and flavor extracts. The
closing of the transaction is expected to be complete by the
end of June 2007. The partnership with Danisco will be
rolled out gradually during the months following the closure
of the deal. The pending acquisition of Danisco Flavors
by Firmenich is expected to move Firmenich into a virtual
tie with IFF as the No. 2 sales leader.
Huabao
International
- The Hottest
F&F Company in China - with recent
acquisitions and financial restructuring, Huaboa has emerged
as a major potential player in the world market. With sales
that probably will exceed 110 million US $ this fiscal
year - and with the aggressive management of its 37 year old
chairman, Ms. Chu Lam Yiu (who owns more than 70% control of
the company stock) - Huaboa has a stated goal of being a top
ten F&F company "in the near Future". Watch this
company.
IFF 1st
Qtr 2007 Sales - New York, May 3, 2007 - IFF
today reported double-digit growth in sales and net income
for the first quarter of 2007. Earnings per share were $.69
in the quarter, representing an increase of 19% from the
first quarter of 2006. Sales rose 11% in the first quarter
to $566 million compared to $511 million in the prior year
period; flavor and fragrance sales each increased 11%. Sales
for the quarter reflect the generally weaker U.S. dollar,
mainly against the Euro and Pound Sterling; at comparable
exchange rates, sales would have increased 6%. The increase
in total fragrance sales was driven by higher fine fragrance
and beauty care, and fragrance ingredient sales of 11% and
17%, respectively. The growth in fine fragrance and beauty
care was driven by new product introductions, while
ingredient sales growth was mainly volume related.
Functional fragrance sales increased 5% on a combination of
new wins and improved volumes. Flavor sales increased 11%,
due to new wins and volume growth. In addition, flavor sales
increased in each region, both in local currency and in
dollars.
Prediction
of Odor Perception - April 23, 2007 - In the
current issue of Angewandte Chemie, workers at Givaudan
Schweiz, Universität Würzburg and
Ruhr-Universität Bochum have demonstrated the ability
to predict quite accurately the odor intensties of
Bourgeonal and Lilial and their silicon analogues on the
basis of their stereoelectronic properties alone from a
computational homology model of the hOR17-4 receptor and
have compared the odor threshold and modeling results with
calcium imaging data from the recombinant and native hOR17-4
receptors. "These results taken together clearly
demonstrate that it is indeed the electronic surface
structure that determines the interaction of an odorant with
its olfactory receptors."
Earthly
Scents - Heavenly Pleasures
- Günther Ohloff's new book will be available in
January 2009.
Senomyx
& Solae Enter into Collaborative Agreement
- April 25, 2007 - Senomyx, Inc. and Solae, a
joint venture with DuPont and Bunge Ltd., announced today
that they have entered into a collaborative agreement for
the discovery, development and commercialization of novel
flavor ingredients intended to enhance the taste
characteristics of soy proteins.
Lyondell Marketing
Alliance for Cooling Agents
- HOUSTON, January 5, 2007 - Lyondell Chemical
Company (NYSE:LYO) announced that its Millennium Specialty
Chemicals ("Millennium") business has entered into a
marketing alliance with Salvona Technologies to promote the
use of Millennium's cooling agents with Salvona's delivery
systems. Salvona has engineered proprietary delivery systems
based on nanotechnology. The systems release an active
ingredient over a period of time to improve and extend the
cooling sensation. Millennium is a leading supplier of
physiological cooling agents and coolant cocktails,
including WinSenseTM Extra coolants. Millennium will
continue to directly market physiological cooling agents as
ingredients and cocktails. Read the full press
release.
Sensient
F&F First Qtr 2007 Sales - April 20,
2007 - The Flavors & Fragrances Group posted record
first quarter revenue of $184.3 million, an increase of 8.1%
over the prior year. Solid revenue growth was recorded in
the United States, Latin America and China. First quarter
operating income was up 14.3%, to $26.2 million on higher
sales volume and favorable pricing.
Givaudan
- April 4, 1007 - First quarter 2007
sales: Strong start into transition year. In the
first quarter 2007, Givaudan recorded sales of CHF 890
million, an increase in local currencies of 19.8% over last
year. This reflects the good organic growth of Givaudan and
the inclusion of Quest sales as of March 2007. In
other news - April 2, 2007 - Givaudan to open new
Consumer Products Creative Centre in 2008. Givaudan
announced plans for a new $62 million North American
Consumer Products Creative Centre to be located in East
Hanover, New Jersey.
Givaudan
joint venture with ChemCom - Geneva, Switzerland,
28 March 2007 – Givaudan has entered into a joint
venture agreement with ChemCom
SA, a leader in the field of olfactory receptor
technology. The new company, named TecnoScent, will build on
ChemCom’s proprietary receptor technology and focus on
the discovery and development of innovative fragrance
ingredients.
Givaudan
Collaboration for taste technology development with Redpoint
Bio Corp.
-
Geneva, Switzerland, 28 March 2007 – Givaudan
announces today, that it has entered into research
collaboration and licensing agreement with Redpoint
Bio Corporation (formerly known as Linguagen). This
collaboration further strengthens Givaudan’s
capabilities for global TasteSolutions" in the area of
health and wellness, in order to discover and develop novel
sweetness and savoury enhancers as well as bitter blocker
compounds. The collaboration will allow Givaudan to utilise
Redpoint Bio’s proprietary technologies and to acquire
the exclusive worldwide rights to any licensed compounds for
food and beverage products.
Belmay
Sells flavor division to Frutarom - March 28,
2007 - The Directors and Shareholders of Belmay are pleased
to announce the sale of Belmay's 20 year old flavor division
to Frutarom Industries Ltd. The sale includes the flavor
facilities inWellingborough, England and its offices in
Denmark, Norway and Singapore. Today's announcement does not
affect the ownership of the fragrance company which remains
a 100% privately owned family business.
A.M.
Todd Acquires Moore
Ingredients -
KALAMAZOO, MI, March 23, 2007 - A. M. Todd strengthened its
ingredients portfolio today with the acquisition of Moore
Ingredients. Moore Ingredients, based in Hamilton, Ohio,
creates and manufactures natural and certified organic
specialty ingredients. Going forward it will operate as a
division of A. M. Todd. Read the full press release
HERE
Synergy
Flavors, Inc. - Second Acquisition in Four
Months. In a move that will strengthen its presence in South
America, Synergy Flavors, Inc. announced its purchase of the
Brazilian based AFF Aromas do Brasil (AFF). The deal was
finalized March 15, 2007.
Givaudan
announces closing of Quest
acquisition -
Geneva, Switzerland, 2 March 2007 – The acquisition of
Quest International, a division of ICI Plc, by Givaudan was
closed today, 2 March 2007, after regulatory approvals were
obtained in the U.S. and the European Community.
Treatt
plc Purchases 50% of Earthoil - 26 February 2007
- As a result of the agreement, Treatt will, with Earthoil,
offer a range of organic products in addition to its
existing portfolio of flavour and fragrance ingredients.
EU Approves
Givaudan Acquisition of
Quest -
February 21, 2007 - BRUSSELS (Reuters) - Swiss flavours and
fragrances maker Givaudan won permission from the European
Commission on Wednesday to acquire rival Quest International
from ICI for 2.8 billion Swiss francs (1.15 billion pounds).
"The Commission concluded that the transaction would not
significantly impede effective competition in the European
Economic Area (EEA) or any substantial part of it," an EU
executive said in a statement.
Synergy
Flavors has announced its acquisition of Vanlab
Corporation (Rochester, NY). In a move that strengthens the
company’s overall product mix across sweet and savory
flavors, the acquisition gives Synergy an industry-leading
position in a broad range of vanilla products.
Givaudan
2006 Sales - February 20, 2007 - Geneva,
Switzerland - In 2006, Givaudan’s total sales
increased to CHF 2,909 million, representing a 4.7% rise in
Swiss Francs and a 3.5% rise in local currencies. Despite
the continued ingredients streamlining in both divisions,
the company continued to deliver above market sales growth
for the sixth consecutive year. This streamlining impacted
annual sales by CHF 33 million. Without this effect, sales
in local currencies would have increased by 4.9%
Takasago
3d Qtr 2006 Results - Feb. 13, 2007 - Gross Sales
for the period April 1- December 31, 2006 increased 6.7% to
¥84,136,000. Operating profit for the same period
increased 10% to ¥5,274,000.
Robertet
2006 Sales - reported 2006 sales were 221,127
million euros, an icrease of 6.8% over 2005 sales.
Symrise
2006 Sales - Feb. 6, 2007 - Symrise has reported
preliminary sales results for 2006 of 1,230.0 million euros,
up 7% from 2005. Preliminary EBITDA for 2006 was reported as
243.0 million euros, up 25.8%.
Quest
4th Qtr & full year 2006
Sales - Feb.
8, 2007 - Quest's 4th Qtr. sales increased 2.9% to 143
£m while full year 2006 sales were up 5% to 588
£m. 4th Qtr trading profit increased 36% to 15 £m
while full year 2006 trading profit was up 7% to 76
£m.
Sensient
F&F 4th Qtr & full year 2006 Sales - Feb.
12, 2007 - Sensient's Flavors & Fragrances Group
achieved record results in 2006, as revenue for the twelve
months increased 9.4% to $733.4 million and operating income
increased 26.7% to $104.5 million. Flavors & Fragrances
Group revenue grew 9.4% to $185.0 million in the quarter
ended December 31, 2006, compared to $169.1 million in the
prior year's fourth quarter. Quarterly operating income
jumped 42.8% to $27.0 million compared to $18.9 million in
the fourth quarter of 2005. As 27% of F&F sales were
in dehydrated vegetables, we estimate that Sensient's true
F&F sales were about $535.4 million for year
2006.
IFF
4th Qtr & Full Year 2006
Results - New
York, N.Y., January 30, 2007 &
Fourth quarter 2006 sales totaled $514 million, up
11% from the prior year quarter; fragrance and flavor sales
increased 13% and 7%, respectively. Sales for the 4th
quarter benefited from the generally weaker U.S. dollar; at
comparable exchange rates, sales would have increased 7% in
comparison to the 2005 quarter. Net income for the 2006
fourth quarter, including $1 million in after tax
restructuring charges, totaled $44 million, a 192% increase
compared with the prior year quarter. The 2005 fourth
quarter result of $15 million included restructuring charges
of $16 million after tax. Excluding the restructuring
charges from both years, net income increased 48% in the
2006 fourth quarter. Sales for the full year 2006 increased
5 percent to $2.10 billion from $1.99 billion in the prior
year. For year 2006, fragrance sales increased 5% and
flavors increased 4%. Net income for 2006, including $2
million in after tax restructuring charges, totaled $223
million, a 15% increase compared with the prior year. Full
year 2005 results of $193 million included restructuring
charges totaling $16 million after tax, as well as a tax
benefit of $25 million relating to repatriation of funds
from overseas affiliates. Excluding the restructuring
charges from both years and the one-time tax benefit from
2005, net income in 2006 increased 22% versus the comparable
2005 result.
T.
Hasegawa 2006 Sales Results - for the full year
ending September 30, 2006 consolidated net sales were
¥47,000,000, down 1.6% while consolidated net income
declined 4.35% to ¥ 3,713,000.
 Meaningful
Scents Around the World
- Roman Kaiser's new book - In recent years, our
knowledge of the anatomy and physiology of olfaction has
grown enormously, accompanied by a growing appreciation of
scent. This is reflected in the fact that the 2004 Nobel
Prize in Medicine was awarded for discoveries of 'Odorant
Receptors and the Organization of the Olfactory System'.
This book naturally supports such developments, and takes
the reader on a fascinating fragrant journey around the
world to some of the exciting places the author has visited
during his 30 years of olfactory research. Following an
introductory section to the world of natural scents,
including their biological meaning and history, the
fragrance and flavor chemist, Roman Kaiser, who is renowned
for his 'headspace' analytical technique, revisits some
memorable scents. In doing so, he leads us to such exotic
places as Lower Amazonia, Papua New Guinea, India, and many
rain-forest biotopes in his quest for new molecules and new
scent concepts, showing us along the way how a scent like
tatami can be linked to culture. The third and final section
describes the analysis of the compositions of the presented
scents.
Danisco
Flavours - Half Year
Sales - December 14,
2006 - Sales for May 1st to Oct.31 increased to 808 DKKm
from 797 DKKm (+1%) in the prior year. 2d Qtr sales
increased to 390 DKKm from 373 DKKm (+5%). Flavours
represented 12% of revenue in Danisco's Ingredients sector
and recorded organic growth of 3% in H1 2006/07 (of which 6%
was in Q2), making this the second quarter running with
positive organic growth in the division. "Even though growth
rates varied geographically, it is important to emphasise
that all regions except for Asia Pacific showed positive
organic growth."
Treatt
2006 Sales - December 8, 2006 - Treatt announced
a rise in group revenue of 8.9%, reaching 35.4 million
pounds (vs 32.5 million pounds in 2005). Profit fell 3.5% to
3.3 million pounds in part due to the absence of last year's
one-off stock profits.
Germany's
Symrise IPO Oversubscribed -12-6-2006 10:47 AM
EST, FRANKFURT -(Dow Jones)- The initial public offering of
German fragrances and flavors manufacturer Symrise AG is
several times oversubscribed, two people involved in the
transaction told Dow Jones Newswires Wednesday. They added
that the book was already covered last Friday, when
bookbuilding commenced and when Symrise set a price range of
between EUR15.75 and EUR17.75 a share. the IPO, if fully
exercised, could become the largest in Germany this year,
ahead of Wacker Chemie AG (WCH.XE), which raised about
EUR1.2 billion in the spring.
Givaudan
to acquire Quest International - Geneva,
Switzerland, 22 November 2006 - Givaudan has signed an
agreement with UK-based Imperial Chemical Industries PLC, to
acquire its fragrance and flavour business, Quest
International for £ 1,200 million or around CHF 2.8
billion. Based on 2005 sales, the acquisition would result
in combined sales in excess of CHF 4 billion, making the
combined entity about 60% larger than the No. 2 F&F
company (IFF). See
More.
Frutarom
3d Qtr 2006 Results
- Sales for the first three
quarter of the year grew 12.2% to US$ 214.6 M.
Symrise
to Raise 650 Mln
€
in IPO -
Frankfurt, Nov 10 - German flavours and fragrances firm
Symrise said it planned to sell shares from a capital
increase worth 650 million euros ($830 million) in an
initial public offering this year. The firm said in a
statement on Friday that its main shareholders, including
Swedish private equity firm EQT, would also sell shares
worth an unspecified amount. Well above 50 percent of
Symrise shares would be in free-float after the IPO, it
said. Deutsche Bank and UBS will conduct the listing.
Symrise, which has around 4,800 staff, increased adjusted
core profit (earnings before interest, tax, depreciation and
amortisation) by 34.3 percent to 192.2 million euros in the
first nine months, while sales rose by 9.1 percent to 944.4
million euros.
IFF
Produces Strong 3d Qtr
Sales -
November 2, 2006 - Third quarter 2006 sales totaled $539
million, up 9% from the prior year quarter; fragrance and
flavor sales increased 12% and 6%, respectively. Reported
sales for the 2006 quarter benefited from the generally
weaker U.S. dollar during the quarter; at comparable
exchange rates, sales would have increased 7% in comparison
to the 2005 quarter. Reported earnings per share for the
third quarter of $.70, exceeding the First Call consensus
expectation of $.58. The third quarter 2005 results as
reported were $.72, which included a gain of $.24 per share
relating to repatriation of funds from overseas affiliates.
On a comparable basis, excluding this one-time repatriation
benefit, the third quarter 2006 results per share represent
a 46% gain over the 2005 quarter.
Firmenich
2005/2006 Sales - 13 October 2006 - Firmenich
posted sales growth of 8.7% in local currencies, 13.5% in
Swiss Francs, for its fiscal year ended June 2006, with an
annual turnover of CHF 2,308 million. "Our exceptional
growth positioned us as the world’s number one Perfume
and Ingredients Company and strengthened our overall
position among the top three companies in the Fragrance and
Flavor industry." In other news, Firmenich announced the
election of Messrs. Yves Boisdron and Vernon Sankey to its
Board of Directors. The elections took place on October 10
at the shareholders' Annual General Meeting in Geneva.
Givaudan
9 month 2006 Sales
- Geneva, Switzerland – 6 October 2006 –
From January to September 2006, Givaudan recorded sales of
CHF 2,200.5 million, resulting in a growth of 3.3% in local
currencies and 5.5% in Swiss francs. Despite strong
comparables in the third quarter and the on-going
streamlining of commodity ingredients, Givaudan continued
its good sales growth momentum.
Symrise
New Web Site - Holzminden, October 2, 2006 -
Symrise has launched its new Web site with the new tagline
“Always inspiring more.” But where is information
on products and the always informative Webzine?.
A.
M. Todd appoints Christine Daley as Technical
Sales Manager - East Coast. KALAMAZOO, MI, August 16, 2006 -
A. M. Todd has announced the appointment of Christine Daley
as Technical Sales Manager - East Coast for its Flavors
& Ingredients Division. Christine will be representing
both A.M. Todd mint and flavor products, as well as products
offered by Todd's new joint venture, Taste Advantage. For
the full press releasr click HERE
Danisco USA -
(Lakeland, FL, August 10, 2006) - Danisco USA announced
completion of its Flavor Innovation Center in Lakeland,
Florida. For the full press releasr click HERE
Enantioselective
Syntheses of the Odor Active Components of Iso E
Super® &
Georgywood® - January
6, 2006 - Sungwoo Hong and E. J. Corey, of Harvard
University, have synthesized enantioselectively the odor
active enantiomer (a minor ~5% component) of Iso
E Super (Arborone)
and the odor active enantiomer of Georgywood (Georgyone)
along with their enantiomers (and related compounds).
Appearing in the Journal of the American Chemical Society,
the synthesis takes advantange of chiral Diels-Alder
catalysts (oxazaborolidinium salts) recently developed in
the Corey laboratories. These studies have led to a number
of conclusions regarding the structural requirements for
woody odor, including absolute configuration, critical
methyl substitution, and the spatial orientation of the key
methyl groups. These odorants bind to at least 10 mouse
olfactory receptors, lending support to the combinatorial
model for odor perception/differentiation. The implications
of this work with regard to possible receptor binding modes
is also discussed.
David
Pybus -
Transports of
Delight
Givaudan
Half Year 2006 Sales
- Geneva, Switzerland – 4 August 2006 – In
the first half 2006, sales totalled CHF 1,474 million,
resulting in a growth of 3.7% in local currencies and 7.8%
in Swiss francs. This good growth was achieved despite the
on-going streamlining of commodity ingredients in both
divisions. Fragrance sales grew 5.4% in local currencies and
9.3% in Swiss francs, substantially above market. Total
sales reached CHF 606 million. Flavour sales grew 2.6% in
local currencies and 6.8% in Swiss francs, in line with the
market.
Quest 2d
Qtr 2006 Sales
- London -August 3, 2006 - Quest's 2d quarter 2006
sales increased 5.6% to 151 £m (compared to 143 £m
in the prior year period). For the half year, sales
increased 6.5% to 297 £m ( vs 279 £m in 2005).
IFF 2d
Qtr 2006 Sales - New York, N.Y., July 26, 2006 -
2d quarter 2006 sales totaled $531 million, increasing 3%
over the prior year quarter; fragrance and flavor sales
increased 3% and 2%, respectively. Earnings per share for
the second quarter 2006 were $0.67 compared to $0.60 in the
prior year quarter, an increase of 12%. For the six-month
period ended June 30, 2006, sales totaled $1,042 million,
essentially flat with the 2005 period.
Mastertaste Acquires
AFF International - July 26, 2006 -
Mastertaste, a member of Kerry Group PLC, has acquired
AFF International. AFF, with headquarters in Marietta,
GA was founded in 1967 by Lonnie H. Pope. In 1998, it was
purchased by an investment group led by Mr. Richard Neill,
President and CEO. In December 2000, Mr. Neill became
majority owner when he and key associates purchased the
investment group's interest in the company. AFF has
developed an excellent reputation in the commercial
fragrance industry and will complement Mastertaste's
Manheimer Fragrance division.
Sensient
Reports 2d Qtr Record Flavor
Sales - July 14, 2006
-Sensient Technologies Corporation reported revenue of
$282.2 million for its second quarter ended June 30, 2006,
up 7.0% from the comparable quarter in 2005. The Flavors
& Fragrances Group reported record quarterly
revenues and operating income. Revenue increased 9.2% to
$188.3 million for the 2006 second quarter. Operating income
was up 19.0% to $27.1 million compared to the second quarter
of 2005. Year-to-date revenue increased 8.4% to $358.8
million and operating income was up 15.4% to $50.0 million.
Group revenue in the quarter benefited from higher volumes
and improved pricing, particularly within the North American
flavors market.
George E. Tesko -
In Memorium - In late June 2006, George Tesko passed
from this life. Of his many accomplishments he will probably
be remembered best as the man who coordinated, and
personally was responsible for, the initial production of
Sunkist Orange Soda at many hundreds of production sites
which helped lead this product to the position as the No 1.
Orange Soda (and by 1981, the 10th best selling soft drink
in the USA). Formerly with General Foods in R&D, he rose
to management positions at RJR Foods, then as a director and
finally a Vice President at Sunkist Soft Drinks. He
certainly believed that the theme of "Good Vibrations" was
the Sunkist "Taste Sensation". An active member of IFT and
the Society of Soft Drink Chemists... he will be missed by
all who knew him...but surely will forever be appreciated by
those who enjoy the taste of Sunkist.
IFF Names
New CEO, June
29, 2006, New York - International Flavors & Fragrances
Inc., a maker of flavors and scents for the food and
consumer products industries, on Thursday named Robert M.
Amen, former president of International Paper Co., as
chairman and chief executive officer, effective July 1. Amen
succeeds Arthur C. Martinez, who served as interim chairman
and CEO since Richard A. Goldstein retired on May 9th.
Martinez, the former chairman and CEO of Sears, Roebuck
& Co., will return to his role as lead director of
IFF.
Frutarom
1st Quarter 2006 Sales - Haifa, Israel - May 23,
2006 - 1st quarter sales totaled US$ 71.0 million, showing
growth of 9.7%, compared with the same quarter of 2005.
Sales grew by 15%, excluding currency effects due to
weakening Western European currencies. Net profit rose by
29.3% to reach US$ 8.8 million, compared with US$ 6.8
million in the first quarter of 2005.
Qarôma
- May 25, 2006 - Qarôma has announced the
introduction of 5 new "Cooling Agents" with cooling
intensities equal to or greater than WS-23. Click HERE
for the full press release.
Takasago
2005 Sales Results - May 15, 2006 - Takasago's
2005/06 sales increased 4.5% to ¥ 105,721,000 from
¥ 101,205,000 in the prior year while net income
decreased 10.2% to ¥ 2,907,000 from ¥ 3,257,000.
It should be noted however that earnings in 2004/05 had
increased an astounding +80.2% from 2003/04.
Symrise 2005 Sales
(& IPO?) - May 10, 2006 - Symrise booked
2005 sales of € 1,148.9 million, essentially flat compared
to 2004 sales of € 1,138.1 million. In addition, Symrise is
considering an initial public offering as early as 2007, its
chief executive told Dow Jones Newswires. "An IPO is one of
the scenarios for the exit of our private equity
shareholders," CEO Gerold Linzbach said. Symrise spokeswoman
Katja Derow added, a decision by the 76% owner, Swedish
private equity company EQT, is likely to be made in 2007.
EQT declined to comment. (Source - Morningstar)
IFF
Names Interim CEO - May 9, 2006 - Richard
Goldstein Retires From IFF. Pending the appointment of a
successor, IFF's Board of Directors today elected Arthur C.
Martinez, the Company's Lead Director, as Interim Chairman
and Chief Executive Officer. As reported, the Company's
Board of Directors has retained the executive search firm of
Spencer Stuart to assist it in identifying Mr. Goldstein's
successor. That process is reported to be continuing and
progressing well.
IFF 1st
Qtr 2006 Sales - New York, N.Y., April 26, 2006 -
First quarter 2006 sales totaled $511.4 million, declining
2% in comparison to the prior year quarter. Reported sales
for the 2006 quarter were affected by the strength of the
U.S. dollar; had exchange rates remained constant, sales
would have increased 3% in comparison to the 2005 quarter.
Fragrance sales decreased 2% while flavor sales were flat;
on a local currency basis, fragrance and flavor sales grew
2% and 4%, respectively. Fragrance sales were led by fine
fragrance, which increased 2% in dollars and 8% in local
currency; the fine fragrance performance reflected the
benefit of a number of new product wins. Sales of functional
fragrances declined 4% in dollars and were flat in local
currency while fragrance ingredient sales declined 6% in
dollars and 1% in local currency. Earnings per share for the
first quarter 2006 were $.58 compared to $.55 for the prior
year quarter.
Sensient
F&F 1st Qtr 2006 Sales - April, 21 2006 -
Flavors & Fragrances Group revenue increased 7.7%, to
$170.5 million, for the quarter ended March 31, 2006.
Quarterly operating income increased 11.5%, to $22.9
million. Group revenue benefited from strong sales of
flavors in North America. Improved pricing and product mix
also added to Group revenue. Sales gains from these sources
were partially offset by unfavorable foreign currency
translation. Higher sales volumes, favorable pricing and
cost reduction efforts increased operating income in the
quarter.
Givaudan
1st Qtr 2006 Sales
- Geneva, Switzerland – 7 April 2006 – In
the first quarter 2006, Givaudan recorded sales of CHF 754.1
million, resulting in a growth of 6.2% in local currencies
and 12.8% in Swiss francs. Givaudan again clearly outgrew
the market. 2005 comparables and the strong US dollar have
partially contributed to this solid performance. The
Fragrance division recorded first quarter sales of CHF 313.6
million which represents a growth of 8.6 % in local
currencies and 14.8% in CHF. The Flavour division recorded
first quarter sales of CHF 440.5 million which represents a
growth of 4.5% in local currencies and 11.4% in Swiss
francs.
WS-5 is Now
GRAS - March 22, 2006,
Lyondell
Chemical Company announced that its Millennium
Specialty Chemicals business has a new series of
cooling systems for the flavor and fragrance industry.
designated WinSenseTM Extra. The company has
developed an improved way to make WS-5, a product that
recently achieved FEMA GRAS status. Millennium plans to
introduce it as part of the WinSense Extra series. "When
compared with WS-3, our WS-5 product appears to have
significantly higher cooling intensity" . For the complete
press release click HERE.
Sensient
Technologies Flavors & Fragrances Group 2005
Sales, For the year, Sensient's Flavors &
Fragrances Group revenue increased 3.4%, to $670.6 million.
Operating income for the year declined 2.7% to $82.5
million, compared to 2004 as restated. As "dehydrated
products" accounted for 23% of the groups sales (and are not
normally considered flavors & fragances),
Leffingwell & Associates estimates that "True" Flavor
& Fragrance sales were about $516 million in
2005.
Givaudan
2005 Sales Results
- Geneva, Switzerland, 21 February 2006 - Givaudan's
2005 sales increased to CHF 2,778 million (an increase of
2.5% in local currencies and a 3.6% in Swiss Francs) while
Operating profit increased by 7% to CHF 513 million with a
strong operating cash flow of CHF 502 million. Net profit
increased by 21% to CHF 406 million. Earnings per share
increased by 27% to CHF 56.57 per share. The Fragrance
division recorded sales of CHF 1,131 million, a growth of
4.2% in local currencies and 5.4% in Swiss Francs. Flavours
sales of CHF 1,647 million grew 1.3% in local currencies and
2.5% in Swiss Francs. Th Companies gross profit margin
improved from 47.7% to 48.9% in 2005.
Takasago
3d Qtr 2005 Sales - February 13, 2006 - Takasago
3d Qtr year to date net sales for the period ending Dec. 31
were up +2.4% to ¥78,888,000 vs.¥77,049,000 in
2004.
Quest
Intl 2005 Sales Results - February 9, 2006 -
Quest's 2005 sales were 560 £m. For the full year,
reported sales were -4%, with comparable sales +3% ahead of
2004 with both Flavours and Fragrances delivering growth.
Overall gross margin percentages were broadly unchanged
despite rising raw material costs. With costs below gross
margin slightly lower, trading profit was 28% ahead. For the
full year, comparable Fragrance sales sales were +5% with
trading profit well ahead. For the full year Flavour sales
were 2% ahead of 2004 and trading profit was significantly
higher.
IFF 2005
Sales Results
- NEW YORK, January 25, 2006 - Sales in 2005 totaled
$1,993.4 million, declining 2% in reported dollars and 3% in
local currency in comparison to the prior year.
IFF CEO Search
- NEW YORK, January 17, 2006 – International Flavors
& Fragrances Inc. (NYSE: IFF) (“IFF” or
“the Company”) today announced a management
succession plan to assure a smooth transition of leadership
upon the retirement of Chairman and Chief Executive Officer
Richard A. Goldstein. Mr. Goldstein plans to retire
following this year’s Annual Shareholder Meeting,
scheduled for May 9, 2006. The Company’s Board of
Directors has retained the executive search firm of Spencer
Stuart to assist in identifying Mr. Goldstein’s
successor.
IFF Job
Cuts - New York, N.Y., January 10, 2006 …
International Flavors & Fragrances Inc. (NYSE: IFF)
(“IFF” or “the Company”) announced its
plans to eliminate approximately 300 positions in
manufacturing, selling, research and administration
functions, principally in its European and North American
operating regions; the reductions represent 6% of the
Company’s workforce.
Givaudan
Site Consolidations - 10 January 2006 –
Givaudan continues to consolidate its flavour operating
asset base and to streamline its Savoury product portfolio.
Givaudan has decided to close its US production sites in New
Milford (Connecticut) and in Oconomowoc (Wisconsin). The
activities of these two sites will be transferred to
Cincinnati (Ohio) and Devon (Kentucky). Completion of the
closure and consolidation initiatives is expected by mid
2007. Givaudan will incur one time costs of CHF 22 million,
of which CHF 16 million from asset impairment impact the
2005 results. It was also decided to discontinue businesses
with commodity type savoury base notes.
T.
Hasegawa 2005 Sales Results - For the year ending
Sept. 30, 2005, consolidated Net sales declined 5.2% to
47,752 million Yen while net income increased 7.2% to 3,882
million Yen.
Chemical
Sources Association
- Jan. 5, 2006 New & Improved Website
In
Memoriam - Lawrence C. Katz,
1956-2005- Lawrence C. Katz, Ph.D., James B. Duke
Professor and Howard Hughes Medical Institute investigator
at Duke University Medical Center, died of melanoma on
November 26, 2005, at his home. He was 48 years old. A
pioneering researcher, Katz was a highly esteemed
neurobiologist whose research on the development and
function of the mammalian cortex. In recent years, Katz
continued to investigate the organization of the visual
system, and his group had also begun to study the olfactory
system. In particular, his lab used the mouse as a model to
examine how olfactory signals important for basic, built-in
behaviors are encoded by the main olfactory system, which
detects airborne odors, and the vomeronasal system, which
detects species-specific signals called pheromones.
Millennium
Specialty Chemicals to Market 2-PEA - Houston,
Dec. 6 2005 — Lyondell Chemical Company (NYSE:LYO)
announced that it will shift the sales and marketing for its
2-phenyl ethyl alcohol (2-PEA) to Millennium Specialty
Chemicals Inc., its wholly owned subsidiary. This transfer
of marketing operations, effective January 1, 2006, will
help Lyondell get closer to its customers by utilizing
Millennium’s long-term position in the flavors and
fragrance market. To download the full press release Click
HERE.
Qarôma
- New Liquid Sensate
Blend for Cooling Sensation or for Flavor & Saltiness
Enhancement - November 10, 2005 - Qarôma
has announced the development of a new liquid cooling
sensate called ICE 1500 (patents pending). This cooling
sensate is a Eutectic mixture of ICE 1000 (WS-23) and ICE
3000 (WS-3), both of which are GRAS cooling compounds. The
ICE 1500 remains liquid even at temperatures below
-20o C. Further, ICE 1500 combines the instant
cooling sensations of ICE 1000 with the gradual and smooth
cooling sensation of ICE 3000. It also eliminates the dust
problem associated with the handling of both the ICE 1000
and ICE 3000. In flavor applications, ICE1500 provides
saltiness and/or flavor enhancement of about 20-30% in a
wide variety of foodstuffs such as salsas, salad dressings
and marinades, margarine, soups & bouillons, as well as
alcoholic beverages, when used at levels where the cooling
sensation is imperceptible or barely perceptible. For
information or samples, contact Tina Goetschius at tmg@qaroma.com
or Deanna Wallace at custserv@chemicalsinc.com.
Qarôma is a division of Chemicals Incorporated, a
leading manufacture of cooling sensates. To download the
full press release Click HERE.
Takasago
Half Year 2005 Sales - Takasago half year net
sales for the period ending Sept. 30th were up +1.1% to
¥52,620,000 vs.¥52,072,000 in 2004.
Firmenich
2005 Sales Top 2 Billion CHF - Geneva, Nov. 9,
2005 - During its fiscal year ending June 2005, Firmenich
sales grew by 7.1 % in local currencies, or 3.0 % in Swiss
Francs, to reach a total of CHF 2,035 million. The
world’s largest privately owned Fragrance and Flavor
company thus further increased its share of the global
Fragrance and Flavor market. To read their Annual Report
Click HERE.
Cargill
to Buy Degussa Food Unit -
Sept. 9 - Cargill Inc., the largest U.S. agricultural
company, agreed to buy Degussa AG's food ingredients
business for 540 million euros ($670 million) to expand its
offerings to food and beverage makers. The unit, which makes
flavors for candy and drinks as well as thickeners for food,
had fiscal 2004 sales of 441 million euros, Duesseldorf,
Germany-based Degussa, the world's largest specialty
chemicals maker, said today in a statement. The purchase is
the largest for Wayzata, Minnesota-based Cargill since the
1.2 billion euro acquisition of Cerestar, a French maker of
specialty starches and sweeteners, in 2002. Chief Executive
Warren Staley is trying to broaden Cargill's line of
ingredients for baked and dairy products, beverages,
chocolates, and other foods. "This agreement marks a very
significant step in Cargill's strategy of becoming a leading
provider of specialty ingredients and ingredient systems to
food and beverage companies globally,'' Staley said in the
statement.
Perspectives
in Flavour and Fragrance Research - April
2005, release by Wiley-VCH and Verlag Helvetica Chimica
Acta. The proceedings of the RSC-SCI 'Flavours and
Fragrances 2004' conference in Manchester. Edited by Philip
Kraft and Karl A.D. Swift. Contributors: Hanns Hatt, Roman
Kaiser, Regula Naef, Robin A. Clery, Paul Kolodziejczyk,
Elisabetta Brenna, Charles S. Sell, Dieter Enders, Johannes
Panten, Andreas Goeke, Philip Kraft, Marcus Eh, Hiroyuki
Matsuda, Anubhav P. S. Narula, Helmut Guth, Takeshi
Kitahara, David Rowe, and Yoshihiro Hasegawa.
Flexitral
- GRAS staus for Coumane® - Flexitral has
acheived GRAS staus for Coumane®
[1,1a-dihydrocyclo-propa[c]chromen-2(7bH)-one],
a cyclopropanated coumarin derivative with CAS number
5617-64-1; FEMA# 4270. The odor and taste profiles of
Coumane® are strikingly close to those of coumarin, with
no "lactonic" aspects.The scent is reminiscent of coumarin:
nutty & vanilla.
Givaudan
Nine Months 2005 Sales - Geneva, 7 October 2005
– From January to September 2005, Givaudan recorded
sales of CHF 2'085.6 million, resulting in a growth of 1.6 %
in local currencies and 1.0 % in Swiss francs. Sales growth
improved from the first half year, thanks to a good third
quarter sales performance in both divisions. The nine months
sales performance continues to be impacted by the ongoing
rationalization of the non-core ingredients portfolio. To
read more Click HERE.
IFF
Nine Months 2005 Sales
- New York, N.Y., October 26, 2005 - For the
nine-month period ended September 30, 2005, sales totaled
$1,531.7 million, declining 2% in comparison to the prior
year period, as reported. Reported sales for 2005 benefited
from the strengthening of various currencies, particularly
the Euro, in relation to the U.S. dollar; had exchange rates
remained constant, sales for the nine-month period ended
September 30, 2005 would have decreased 3% compared to the
prior year period. For the 2005 period, fragrance sales
increased 2% while flavor sales declined 7%; on a local
currency basis, fragrance sales grew 1% while flavor sales
declined 9%. To Read more Click HERE.
|
Quest
International Half Year Sales 2005 - August 8,
2005. For the half year ending June 30th, sales were 279
£m vs. 315 £m last year. As last year results
included sales attributable to the Food Ingredients
business, which was divested in the second quarter of 2004,
Quest sales were 5% above 2004 on a comparable basis, with
growth for both theFlavour and Fragrance businesses,
particularly in Asia and Latin America. Sales in Europe were
also ahead of last year but in North America they were
lower. Gross margin percentages were similar to last year,
and comparable trading profit was 38% ahead to 7 £m. On
a comparable basis Fragrance sales were 9% ahead for the
half year and Flavour sales were 1% higher.
Senomyx
- La Jolla, CA, July 18, 2005 – Senomyx, Inc. (NASDAQ:
SNMX) announced today an exclusive two-year collaborative
research and license agreement with Cadbury Adams USA LLC, a
Cadbury Schweppes company, for the discovery and
commercialization of new flavor ingredients in the gum
confectionary area. Under the terms of the new agreement,
Cadbury Schweppes has agreed to pay Senomyx research funding
and specified payments upon the achievement of milestones
during the collaborative period. Upon commercialization,
Senomyx will receive royalty payments based on sales of
products using the new flavor ingredients. Senomyx also has
product discovery and development collaborations with four
of the world’s leading packaged food and beverage
companies: The Coca-Cola Company, Campbell Soup Company,
Kraft Foods Global, Inc. and Nestlé SA.
Takasago
2004 Annual Sales - May 17
- for the fiscal year ending March 31, 2005 sales increased
5.2% to ¥101,205,000 while net income increased 80.2 %
to ¥3,257,000.
Givaudan
2004 Sales - Geneva,
Switzerland, 1 March 2005. In 2004 Givaudan recorded sales
of CHF 2,680 million, resulting in an increase of 4% in
local currencies and a decline of 0.4% in Swiss Francs. The
Fragrance Division reached sales of CHF 1,073 million,
achieving a growth of 4.8% in local currencies and 1.4% in
Swiss Francs. This again reflects the outstanding
performance in Fine Fragrances as well as strong gains for
the third consecutive year in Consumer Products. Sales in
Fragrance Ingredients continue to be impacted by the
phasing-out of commodity ingredients, consistent with
Givaudan's strategy to focus on the production of high
value-added fragrance molecules. The Flavour Division
recorded a growth of 3.5% in local currencies. This
translates into sales of CHF 1,607 million, a slight decline
in Swiss Francs. All regions and all business segments
recorded positive sales growth in local currencies.
Sensient
Technologies Flavors & Fragrances Group 2004
Sales, February 15, 2005 - For the year, Flavors
& Fragrances Group revenue increased 5.7% to $628.8
million. Fourth quarter revenue increased 6.2% to $160.9
million. Favorable foreign currency exchange rates added
about 4% to revenues for the quarter and year. Operating
income for the year declined to $81.3 million, compared to
$83.8 million in 2003. Quarterly operating income was $17.5
million versus $19.9 million in the fourth quarter of 2003.
Growth in sales of traditional flavors in North America and
improved costs in Europe had a favorable impact on 2004
results. As "dehydrated products" (which historically
have accounted for 24-27% of the groups sales and are not
normally considered flavors), Leffingwell & Associates
estimates that "True" Flavor & Fragrance sales were
about $478 million in 2004.
Quest
International Year 2004 Results - February 10,
2005 - Sales for the full year were 584 £m vs. 691
£m for 2003. Note that Quest’s Food Ingredients
business was sold on 30 April 2004. Quest comparable sales
for the full year were up 4%. With improved gross margin
percentages, comparable trading profit was 76% above 2003.
Trading margins improved from 6.5% to 8.7%. Flavours
comparable sales for the 4th quarter were 2% ahead of last
year, with good growth in Asia and slightly higher sales in
EMEA (Europe, Middle East and Africa) offsetting lower sales
in North America. Gross margin percentages were above last
year, and despite higher costs below gross margin, trading
profit was also well ahead of 2003. For the full year,
comparable sales were 1% up. With higher gross margin
percentages and good control of costs below gross margin,
comparable trading profit was significantly above 2003.
Fragrance had a strong 4th quarter, with comparable
sales 13% ahead of last year, and particularly good growth
in North America, Asia and Latin America. Sales were ahead
for all product categories, with double-digit growth for
Fine Fragrance, Personal Care and Household. With gross
margin percentages also above last year, trading profit was
well ahead of 2003 despite higher costs below gross margin.
For the full year, fragrance sales were 8% ahead. With
higher gross margin percentages, comparable trading profit
was significantly above 2003.
EU
backs proposals on flavouring agents for Codex -
February 10, 2005 - Europe tells international food body it
welcomes the opening of discussions on options to integrate
flavouring agents into the global code system, and puts its
weight behind the fourth option that proposes industry
guidelines.
Dufte
- Signale Der Gefuhlswelt by Gunther Ohloff is
now available (in German) from Amazon.com
IFF Year
2004 Results - New York,
N.Y., January 26, 2005. For the full year 2004, sales
totaled $2,033.7 million, representing an increase of 7%
over 2003. Reported sales for 2004 were strongest in
fragrances, led by a 13% increase in fine fragrance sales;
sales of aroma chemicals and fragrances used in functional
products each increased 7% for the year. Reported sales for
2004 benefited from the strengthening of various currencies
in relation to the U.S. dollar; had exchange rates remained
constant, sales for 2004 would have increased 2% in
comparison to the prior year. The 2004 sales performance was
impacted by the disposition of the Company’s European
fruit preparations businesses, which were sold to Frutarom
in the second half of the year. On a pro-forma basis,
excluding sales attributable to the European fruit
businesses from the comparable time periods in the 2003
results, 2004 sales would have increased 4% in local
currency and 8% in reported dollars. For the full year 2004,
the Company reported earnings per share of $2.05 compared to
$1.83 for the prior year. The 2004 results include $31.8
million ($20.4 million after tax or $.22 per share) of
restructuring and other charges related primarily to the
sale of certain European fruit business assets and the
closure of the Company’s Dijon, France manufacturing
facility; 2003 results included $42.4 million ($27.5 million
after tax or $.29 per share) of restructuring and other
charges. Excluding the effects of these charges, 2004
results per share would have been $2.27 compared to $2.12
per share in the prior year.
T.
Hasegawa 2004 Annual Results - For the year
ending September 30, 2004, consolidated Net sales increased
8.4% to 50,381 million Yen while net profits increased 10.8%
to 3,622 million Yen.
Treatt
PLC Year 2004 Results - 13th December, 2004.
Group turnover increased by 0.4% to £31.8 million
(2003: £31.7 million). Treatt USA $ sales were up
41.5%. Earnings before interest, tax, depreciation and
amortisation (EBITDA) were up 17.2% to £3.31m (2003:
£2.83m). Profit before tax and exceptional items up
10.5% to £2.31 million (2003: £2.09 million).
Profit after taxation rose by 21% to £1.7 million
(2003: £1.4 million)
Rhodia
shares its experience in vanillin manufacture in China -
Click Here
for details
Firmenich
Annual Results (2003-2004) - Nov. 26, 2004.
Firmenich again posted industry-leading sales growth for the
fiscal year ended June 30, 2004. Annual turnover reached CHF
1,976 million, representing a sales increase of 6.6% in
local currencies and 4.1% in Swiss Francs.
Chemistry
and Technology of Flavors and Fragrances - Nov.
2004, released by Blackwell
Publishing. Edited by David Rowe. Contributors include
David J Rowe, Neil C. DaCosta and Sanja Eri, Liam
O’Hare and John Grigor, Michael Zviely, Simon B.
Jameson, Philip Kraft, John Margetts, Mark L. Dewis, Chris
Winkel, Luca Turin, David Baines & Jack Knights, Stephen
J. Herman
Technology
Flavors & Fragrances Inc. - May 17 - Nautic
Partners portfolio company FFG Industries Inc. has agreed to
buy fellow flavor and fragrance company, publicly traded
Technology
Flavors & Fragrances Inc. FFG said that it has
agreed to pay $1.55 per Technology Flavors share. The
company has about 12.8 million shares outstanding. The
announcement follows a November 2004 decision by Technology
Flavors' board to appoint a special committee to investigate
potential acquisitions, joint ventures or mergers to
"maximize shareholder value." Nautic bought FFG from private
equity firm The Jordan Co. in June 2004. The price of that
deal was not disclosed. Based in Somerville, N.J., FFG
manages three companies: Aromatech
Inc., also based in Somerville; International
Fragrance and Technology Inc., based in Canton, Ga.; and
Key
Essentials Inc., based in Rancho Santa Margarita, Calif.
The deal for the small flavour house that, with under one
hundred employees, posted $16 million (€12.6m) in sales last
year, is due to close by mid-June.
Senomyx
Receives GRAS Determination for Savory Enhancers
- LA JOLLA, CA, March 3, 2005 – Senomyx, Inc. (NASDAQ:
SNMX) announced today the company has been notified by the
Flavor and Extract Manufacturers Association (FEMA) that its
savory enhancers S807 and S336 have been determined to be
Generally Recognized As Safe (GRAS) under the provisions of
the Federal Food, Drug and Cosmetic Act. See
Also
Frutarom
2004 Sales - Haifa, Israel - March 24, 2005.
Frutarom’s sales in 2004 totaled US$ 196.8 million, a
41.2% increase compared with 2003, when sales reached US$
139.3 million. Gross profit during the period rose by 49.1%
to reach US$ 74.3 million compared with US$ 49.9 million
last year. Gross margin grew from 35.8% to 37.8%. Operating
profit grew sharply by 75.2% to US$ 22 million compared with
US$ 12.6 million in 2003, while operating margin improved to
11.2% compared with 9.0% last year. Net profit grew
significantly by 96.1% to US$ 15.8 million compared with US$
8 million in 2003. Net margin also grew from 5.8% in 2003 to
8.0% in 2004. Frutarom's
2004 Annual Report includes a detailed market
analysis of the F&F industry.
2,4-Pentanedione
to be removed from EC Register list - March 2, 2005 -
The Scientific Panel on Food Additives, Flavourings,
Processing Aids and Materials in Contact with Food (AFC) of
the European Food Safety Authority (EFSA) has found that
pentane-2,4-dione, did not pass the initial steps in the
screening process due to safety considerations. The AFC
Panel has therefore advised that its use as a flavouring
substance is not acceptable on safety grounds. The European
Commission has since proposed that this substance be removed
from the Register of flavouring substances used in or on
foodstuffs to the Standing Committee on Food Chain and
Animal Health which has given a favourable opinion. It was
found to be genotoxic (i.e. that it can damage DNA, the
genetic material in cells) both in vitro and in vivo. The
AFC Panel therefore advised that, based on current evidence,
its use as a flavouring substance is not acceptable on
safety grounds. The European Commission has since proposed
that this substance be removed from the Register of
flavouring substances used in or on foodstuffs.
Givaudan
1st Quarter 2005 Sales -
Geneva, Switzerland, 8 April 2005. In the first
quarter 2005, Givaudan recorded sales of CHF 668.7 million
resulting in a decline of 1.6% in local currencies and 4.7%
in Swiss francs, compared to the same period in 2004. The
Fragrance division recorded first quarter sales of CHF 273.1
million which represents a growth of 0.8% in local
currencies and a decline of 1.9% in CHF. The Flavour
division recorded first quarter sales of CHF 395.6 million
which represents a decline of 3.2% in local currencies and
6.5% in CHF, reflecting the strong comparables from 2004. In
addition, sales were affected by lower prices for naturals
such as citrus and vanilla, as well as the streamlining of
non-core ingredients related to the former FIS
portfolio.
Takasago
- 3d Quarter Sales -
February 14, 2005. Takasago sales for the first 3 quarters
(April-Dec.) were 77,049 million ¥, up 5.3% from prior
year. Operating profit increased 44% to 5,089 million
¥.
Frutarom
Industries Ltd. - 3 February 2005, announced
today the successful pricing [Offer Price of NIS 33.50
per Ordinary Share and US$ 7.63 per GDR] of its offering
of ordinary shares ( Ordinary Shares ) and global depositary
receipts ( GDRs ) to qualified international investors (the
Offering ). Application has been made for admission of the
GDRs to the official list of the UK Listing Authority and to
trading on the London Stock Exchange plc s market for listed
securities ( London Admission ).of ordinary shares (
Ordinary Shares ) and global depositary receipts ( GDRs ) to
qualified international investors (the Offering ).
Application has been made for admission of the GDRs to the
official list of the UK Listing Authority and to trading on
the London Stock Exchange plc s market for listed securities
( London Admission ).
Symrise
- Holzminden, February 11, 2005 -Gerold Linzbach to become
new CEO of Symrise. Dr. Gerold Linzbach has been appointed
new CEO of Symrise, effective March 1, 2005. He will replace
James D. Forman, who successfully led the company through
its final phase of integration following its creation by the
2002 merger of the companies Dragoco and Haarmann &
Reimer. Forman is leaving the company by mutual agreement.
48-year-old Linzbach has an excellent knowledge of business
development and was previously president of Invista Resins
& Fibers (formerly Kosa) in the United States. Before
that, he held various key positions in the management of
Trevira Technical Fibers and Celanese Acetate LLC and was a
member of the pro forma board at Aventis Pharma. He is
highly qualified for his new position due to his experience
in these various management positions, his knowledge of the
strategic realignment of companies and his background in the
planning and implementation of reengineering initiatives.
Dr. Linzbach holds a doctorate in chemistry.
drom
Opens New CHINA Fragrance Plant in
Style - Early in December
2004, only 35 weeks after the construction of drom’s
subsidiary had started, the official opening ceremony of the
new state-of-the-art manufacturing facility and service
center in Guangzhou, China, took place. Managing partners Dr
Ferdinand Storp and Dr Andreas Storp were joined by their
father Dr Bruno Storp in welcoming a host of local and
international dignitaries. Read more at droms website (in
their "News" section.
Symrise
- Job Cuts & Major
investments, Holzminden,
November 16, 2004 - Symrise, the fourth largest manufacturer
of flavors, fragrances, cosmetic ingredients and aroma
chemicals, will invest up to 46 million Euros in Germany in
the next three years. Symrise has been working since the
beginning of the year to optimize several of its core
processes to be more closely aligned with client preferences
and to improve overall efficiency. In conjunction with the
works council, the executive board has passed a series of
measures to increase the competitiveness of the company's
German production sites. The main aspects of the new
measures are an increase from a 37.5-hour work week to a
40-hour work week without wage increases and a salary freeze
for the next two years. These measures apply to company
employees in Germany, including management and the Executive
Board.
Quest
Helps Develop 'Artificial Throat' to Study Flavour
Release - November
2004
Rhodia
PPA, Lyon, Nov. 1st, 2004 - announces an average
price increase of 40% on its salicylic acid and 30% on its
Rhodiaflor™ salicylates range which includes methyl
salicylate, benzyl salicylate, hexyl salicylate, isoamyl
salicylates and oxoamyl salicylate. This price increase is
effective from 1st November 2004 where contracts permit.
Although Rhodia PPA continues to pursue cost reductions and
productivity improvements, these measures are not sufficient
to compensate for the dramatic cost increases for key raw
materials, energy, and transport. In particular, the
continued historically highs benzene levels, combined with
escalating costs for key alcohols, force Rhodia to implement
this price revision to achieve acceptable profitability
levels to ensure long term product supply to our
customers.
Frutarom,
October 24, 2004- announced that following the
successful completion of the consultation process (by IFF)
with the employees works council in France to close the site
in Dijon and sell the Fruit Preparations business to
Frutarom, Frutarom expects to acquire within the next
several days the Fruit Preparations (Food Systems) activity
in France, thereby completing the acquisition of IFF's Fruit
Preparations business in Europe. The activity to be acquired
in France comprised 30% of IFF's European fruit preparations
business in 2003. In May, Frutarom announced that it had
signed a letter of intent with IFF to purchase IFF's Fruit
Preparations business in Europe. In August, Frutarom
completed the first stage of the transaction with the
acquisition of the business in Germany and Switzerland,
which is conducted at two modern production sites in
Emmerich, Germany and Reinach, Switzerland. The activity
acquired in Germany and Switzerland comprised 70% of the
European fruit preparations business.
For more information, please visit their website
www.frutarom.com.
Degussa
to exit from food ingredients
business? - October 13,
2004
Richard
Axel and Linda Buck Awarded 2004 Nobel Prize in
Physiology or Medicine, October 4, 2004 - The Nobel Assembly
at the Karolinska Institute announced this morning that the
2004 Nobel Prize in Physiology or Medicine was awarded to
Richard Axel, an HHMI investigator at Columbia University
College of Physicians and Surgeons, and Linda Buck, an HHMI
investigator at the Fred Hutchinson Cancer Research Center.
The scientists were honored for their discoveries that
clarify how the olfactory system works. For additional
information, click HERE.
Handbook of Olfaction and
Gustation, 2d Ed. (RL Doty, Ed.), NY: Marcel
Dekker, 2003, 1200+ pages, is now available (which is the
largest book ever compiled on the chemical senses). This
book is available through Sensonics
or through Dekker.
IFF
- October 1, 2004 - IFF’s James H. Dunsdon named Chief
Operating Officer. International Flavors & Fragrances
Inc. announced today that it has named James H. Dunsdon to
the newly created role of Chief Operating Officer, effective
immediately. In this capacity, Jim will have global
responsibility for all aspects of IFF’s sales, business
development, regional management and operations and will
continue to report to Chairman and Chief Executive Officer
Richard A. Goldstein.
Symrise
- September 24, 2004 - Kathy Cullin to lead the Fine
Fragrances business unit at Symrise. Effective September 20,
2004, Kathy Cullin has been appointed President of the
Global Fine Fragrances business unit at Symrise. She was
previously President Fine Fragrances USA located in New
York. With this new assignment, she is responsible for the
international development of the fine fragrance sector and
will report directly to Tim Schaffner, global president of
the Fragrances Division
Givaudan
- effective October 1st 2004, Dr. Markus Gautschi has been
appointed Global Head of Fragrance Research succeeding Dr
Georg Frater, who will retire at the end of September, 2004.
Dr. Frater started his career with Roche/Givaudan in
Dübendorf in 1970. He was promoted to Head of Fragrance
Research in 1999. For the last 12 years he also held a
teaching assignment in Chemistry at the University of
Zürich where he was awarded the title of professor. He
is the current President of the Swiss Chemical Society.
After his retirement, Dr. Frater will continue to assist
Givaudan as a Senior Scientific Advisor, particularly in
fostering new research co-operations.
Dr. Gautschi joined Givaudan Corporate Research in 1995
and has a doctorate from the ETH Zurich in organic
chemistry. In 1999, he took over the responsability of the
Fragrance Chemistry Research Department in
Dübendorf.
RHODIA
appoints A.C.S International as its distributor in
Germany - Lyon, August 26th 2004 - Rhodia PPA's Flavours
and Fragrance Division is pleased to announce the
appointment of A.C.S. International as its distributor for
Germany. The distribution agreement was signed at the recent
World Perfumery Congress in Cannes and takes effect from the
1st of July 2004. Sebastien Meric, Global Business Director,
said : "We are delighted to welcome A.C.S. International to
our team and to complete our European distribution network
with an excellent partner having an extensive knowledge of
the F&F market. We believe they will be a great asset to
Rhodia and allow us to make significant inroads into the
German and other key markets". A.C.S.International was
founded on May 1, 2004 by Dr. Horst Finkelmeier (a German
national) and Michel Specklin (a French national), two
former senior managers of H&R/Symrise
Frutarom reports record growth,
Frutarom’s sales in the second quarter 2004 totaled US$
44.6 million (NIS 202.9 million), a 38.0% increase compared
with the same period in 2003. Frutarom’s sales for the
first half of 2004 totaled US$ 88.5 million (NIS 399.0
million), a 46.3% increase compared with the same period in
2003.
Givaudan
Half Year 2004 Results - In the first half of
2004, Givaudan continued to outgrow the market. Sales grew
by 3.2% in local currencies and 1.5% in Swiss Francs.
Excluding sales of discontinued fragrance ingredients, group
sales growth reached 5.5% in local currencies and 3.7% in
Swiss Francs. Flavour sales grew by 5.4% in local currencies
and 3.6% in Swiss Francs. All regions and all segments
showed a positive trend. Excluding discontinued ingredients,
Fragrance sales grew by 5.8% in local currencies and 4.0% in
Swiss Francs, substantially above market growth.
IFF Half
Year 2004 Results - in the first half of 2004, IFF
reported sales of $1,059 million (compared to $948 million
in 2003), an increase of 11.6%. Worldwide net sales for the
second quarter of 2004 totaled $524.2 million, increasing 9%
in comparison to the prior year quarter. Reported sales for
the 2004 quarter benefited from the strengthening of various
currencies in relation to the U.S. dollar; had exchange
rates remained constant, sales for the second quarter 2004
would have increased 5% in comparison to the prior year
quarter.
Quest's Half Year
2004 Results - in the first half of
2004, Quest's sales were 315 £m
compared to 349 £m for 2003. Quest’s Food
Ingredients business was sold on 30 April 2004.
“Comparable” performance percentages therefore
exclude the prior year results of the Food Ingredients
business from May onwards. Excluding the Food ingredients
business, sales increased 2% for the half year.
Firmenich Flavor and Fragrance Science
Award 2004 - Geneva, June 4, 2004 - The Award
Committee is pleased to announce that the winner of the
Flavor Award 2004 is Andrea Karin Büttner (Dr. rer.
nat.) of the Technical University Munich. Dr. Büttner,
a 33 year old food chemist, with over 32 scientific
publications, most of which as the first author, has made
original and important contributions to various areas of
flavor and food science. One of the most recent highlighs of
her scientific work is the development of the "Buccal Odor
Screening System (BOSS)" to determine odor-active compounds
in the mouth after swallowing (after-odor). In addition to a
personal cheque of € 10'000.- the winner has received an
invitation to visit Firmenich's headquarters in Geneva and
to present her work during a major forthcoming scientific
meeting.
The IFEAT Conference 2004
 -
"The Essential Oils of the Mediterranean Region" and
"International Developments in Aroma Chemicals and Industry
Legislation" will take place October 24-28 at the Four
Seasons Hotel The Ritz in Lisbon, Portugal. For further
information please contact Louise Kapor at the IFEAT
Secretariat, tel: +44 20 7836 2460, fax: +44 20 7836 0580,
email: secretariat@ifeat.org
Rhodia
announces a price increase on its Rhodiaflor™
salicylates range - Lyon, May 13th, 2004 --
Rhodia PPA announces an average price increase of 10% on its
Rhodiaflor™ salicylates range which includes benzyl
salicylate, hexyl salicylate, isoamyl salicylates and
oxoamyl salicylate. This price increase is effective from
Ist May 2004. Continued high raw material costs particularly
for key alcohols, which Rhodia has previously absorbed
through plant optimisation and supply chain efficiencies,
rising logistics and transport costs, and now benzene prices
at historical highs force this price revision to achieve
acceptable profitability levels to ensure a long term viable
business.
Givaudan 2003 Sales
- Geneva,
Switzerland, 2 March 2004. In 2003 Givaudan recorded sales
of CHF 2,715 million, resulting in an increase of 9.0% in
local currencies and 1.5% in Swiss Francs. On a comparable
basis, as if the FIS acquisition had occurred on 1 January
2002, sales increased by 4.2% in local currencies.
Symrise
- Andrei Mikhalevsky appointed to Global President Flavors
Division . Andrei Mikhalevsky has been appointed new Global
President Flavors Division, effective March 23, 2004. He
will be located in Teterboro, NJ/USA. He follows Daniel E.
Stebbins, who has decided to leave Symrise.
IFF - 2003 Results, Sales for the
year ended December 31, 2003 totaled $1,901.5 million,
increasing 5% in comparison to the prior year. Sales for
2002 included $9.4 million attributable to non-core
businesses that the Company disposed of during 2002;
excluding such sales from the 2002 results, 2003 sales
increased 6% in comparison to the prior year. Reported sales
for 2003 benefited from the strengthening of various
currencies, most notably the Euro, the Japanese Yen, the
Pound Sterling and the Australian dollar, in relation to the
U.S. dollar; had exchange rates remained constant, 2003
sales would have declined approximately 2% in comparison to
the prior year as reported. Net income for 2003 decreased 2%
in comparison to the prior year. Excluding the impact of
restructuring and other charges in both years, 2003 net
income increased 9% in comparison to the prior year. Gross
margin on sales in 2003, as a percentage of sales, declined
in comparison to the prior year, primarily due to the weak
sales performance in the higher margin fine fragrance
business. Earnings have been sustained by the Company's
ongoing cost-cutting efforts and by reduced interest
expense
T.
Hasegawa Co. Ltd. - record sales
and profits in 2003. T.
Hasegawa has reported record sales of 46,465 million yen and
record net income of 3,270 million yen for the year ending
September 2003.
Firmenich
Annual Results, Geneva - For the year ending June 30,
2003, Firmenich reported sales of CHF 1.9 billion, which
represents an increase in local currencies of 9.5% over
2002. The strength of the Swiss franc against most of the
world’s currencies affected reported growth, and
brought results to + 0.3% in CHF over the prior year.
Notably, the flavor division had sales growth in local
currencies four times faster than the market, while the
Perfumery Division posted a double-digit sales increase in
local currencies in a market that is basically flat.
Chemicals reported high single-digit sales growth in local
currencies.
drom
celebrates 20 successful years in Australia - During
November 2003 drom celebrated 20 successful years in
Australia.
The Australian journey for drom began in 1983 on Sydney's
northern beaches with only 3 employees to develop and
promote the Australian market. Today this base has expanded
to encompass Australia and New Zealand and 8 countries in
Asia.
The 2003 Australian facility includes creative perfumery,
applications laboratory, a professional team of fragrance
evaluators, and a progressive marketing department. All
departments work closely with equivalent departments at drom
head office, Munich, Germany.
To supply the Asian sector of this market more efficiently
drom is building a fully automated fragrance compounding
facility in Guangzhou, China, which will be operational in
August 2004.
A highlight of the Jubilee to celebrate twenty dynamic and
successful years in Australia was drom's magnificent display
of 140 unique and priceless fragrance flacons selected from
2500 pieces permanently exhibited at the inimitable flacon
gallery at drom headquarters in Munich.
Cargill to Acquire The Duckworth
Group - COBHAM, UK – 8 October 2003 –
Cargill intends to purchase The Duckworth Group, a leading
British flavour company that serves the food and beverage
industry. The two companies have reached an exclusive
arrangement and intend completing the acquisition by the end
of 2003.
Belmay Fragrances Ltd
Acquires The Independent Fragrance Company, Ltd., UK - July
11, 2003. Ted Kesten, President and CEO of Belmay, has
announced that Belmay Fragrances Ltd, UK has agreed to
acquire all the issued and outstanding shares in The
Independent Fragrance Company, Ltd. of Northampton, UK, a
privately-owned multinational fragrance manufacturer.
Belmay, headquartered in New York, is a full service
multinational fragrance and flavour manufacturer with 11
strategic global locations serving customers in 40
countries. Belmay supplies fragrances and flavours for key
branded and private label consumer products. The Independent
Fragrance Company has considerable international presence in
the Far East and Eastern Europe, two areas where Belmay will
strategically strengthen its overall position and service to
its customer base. Belmay's acquisition includes The
Independent Fragrance Company's existing fragrance
businesses in the UK, Poland, the Pacific Rim countries of
Thailand, Taiwan and Vietnam as well as their manufacturing
sites in Northampton, UK; Hong Kong and Guangzhou, China.
Belmay Fragrances Ltd. currently services the Pacific Rim
through its office and laboratory in Singapore.
Leipzig
Miltitz Duft und Aroma GmbH
- new website. This is a must see site for anyone interested
in the history of the flavor & fragrance industry and
its resurrection in Leipzig.
Frutarom Industries Ltd. acquires Emil
Flachsmann AG - 16 June 2003, Frutarom Industries
Ltd., through its subsidiary Frutarom UK, has agreed to buy
Emil Flachsmann AG, a leading Swiss company in the
production of high-quality flavours, pharma-grade plant
extracts as well as extract-flavour compounds and
applications for the food and pharmaceutical industries.
Flachsmann, a privately-owned Swiss company with
headquarters in Wädenswil, is a company with over 65
years of experience. The Flachsmann worldwide network
includes plants in Switzerland, Canada and Scandinavia as
well as marketing and sales offices in Germany and
Hungary.
Kao
Agrees to Acquire Fragrance & Specialties Business from
Cognis of Germany - March 17, 2003; The
acquisition amount is 36 million euro (equivalent to
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