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Symrise acquires minority stake in bio-active developer Synergio

Symrise acquires minority stake in bio-active developer Synergio

Symrise has taken a minority shareholding in Synergio, an Israeli developer of next-generation plant bio-actives for cosmetic products.

Founded in Jerusalem in 2009, Synergio’s core technologies include high-performance, broad-spectrum natural antimicrobials that it distributes worldwide.

The German firm said the acquisition would expand its product protection portfolio with plant-based technologies while a strategic partnership will accelerate development of natural antimicrobial solutions.

“It allows us to offer customers the newest and most innovative sustainable plant-based beauty solutions,” said Dr. Joern Andreas, president of Scent & Care at Symrise.

“The development of broad-spectrum antimicrobial solutions will help our customers to create sustainable personal care products,” he added.

The deal gives Symrise the possibility to acquire a majority stake in Synergio’s share capital in future.

Synergio CEO Dr Rachel Lutz said: “Entering a partnership with Symrise provided a unique opportunity to further develop our biotechnologies for the beauty market. Together, we will use new and advanced technology to create sustainable products that will respond to the needs of customers and global stakeholders while meeting regulatory requirements.”

The parties involved agreed to treat the financial details of the investment as confidential.

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Upcoming Events

PCHi China 2023

The China Import and Export Fair Complex, Guangzhou
15-17 February 2023

SCSS - Conference & Laboratory Workshop

Republic Polytechnic - Woodlands Ave 9, Singapore 738964
Thur 16th & Fri 17th March 2023

in-cosmetics Global 2023 - Barcelona

Fira Barcelona Gran Via
28 - 30 March 2023

NYSCC Suppliers' Day 2023

Javits Center, New York
2 - 3 May 2023

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Pacifico Yokohama, Japan
17 - 19 May 2023

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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