Spanish multinational Natraceutical Group, a biotechnology corporation in the field of research and development on functional ingredients, active principles and nutritional supplements, and French multinational Naturex, a supplier of natural speciality ingredients to food, flavour, food supplements, pharmaceutical and cosmetic industries, formalised yesterday the binding contracts for the merger of their ingredient activities.
The transaction will be structured by means of the integration of Natraceutical’s Ingredients Division into Naturex. This merger, triggered by two of the leading publicly traded companies in the ingredients industry, will create an independent company of natural specialty ingredients. With a fully complementary product portfolio that includes nutraceutical ingredients, flavouring, preservative and innovative extracts on Naturex’s side, and natural colours, fruit and vegetable powders, pectins, functional ingredients, yeasts and caffeine by Natraceutical’s ingredients division, the new company will have a balanced geographical presence between Europe (50% of the combined proforma turnover) and the US (34%). Once the merge will be completed, Naturex will have production sites in Europe (France, Italy, Spain, Switzerland and the United Kingdom), the US, Morocco, Australia and Brazil and own sales offices in the US, Europe and Asia, thus being ideally placed to take advantage of the ongoing growth and consolidation of this sector. The company will operate under Naturex management, headed by Jacques Dikansky, chairman and CEO of the company.
