Symrise Planning To Acquire Diana


News: German flavours and fragrances company Symrise is considering acquiring French ingredients maker Diana in a EUR1.3bn (USD1.79bn) deal. The reported deal will boost Symrise's presence in the flavour and nutrition market, and allow it to capitalise on market opportunities more quickly. Meanwhile, Symerise has secured the required bridge financing, while the final financing will comprise of debt and equity. The deal represents a major milestone for Symrise right after its 10th anniversary, and is in line with the company's strategy to drive the profitable growth, according to Symrise CEO, Heinz Jürgen Bertram. 'The planned integration of Diana will create an unparalleled set-up which will offer us new opportunities for profitable growth beyond our current market and establish an excellent position to generate value in the future,' Bertram added.

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Related sectors of this article: Companies, Food & Drink, Mergers & Acquisitions
Geography: Germany