DGAP-News: Symrise AG / Key phrase(s): Takeover 22.03.2022 / 14:00 The issuer is solely liable for the content material of this announcement.Binding provide submitted to house owners of SFA RomaniMoreover, full acquisition of Groupe Neroli deliberate to strengthen ties with this firm additionallyIntention to construct a powerful participant in the Grasse areaComplementary acquisitions with give attention to broadening buyer base and entry to pure perfume ingredientsClosing anticipated in Q2 2022Symrise has submitted a binding provide to purchase 100 % of R. Romani – Société Française d’Aromatiques (SFA Romani), a high-end fragrances home. In addition, Symrise submitted a binding provide to absolutely purchase Neroli Invest DL (Groupe Neroli). Both corporations are primarily based in the Grasse space in France. With these transactions, Symrise intends to reinforce its advantageous perfume presence in southern France, strengthen its competitiveness in the creation of perfume compositions and broaden its presence in key international locations in Europe, Africa and the Middle East. The mixed annual gross sales of SFA Romani and Groupe Neroli quantity to greater than €40 million. The closing of the transactions is predicted in Q2 2022, topic to approval of respective our bodies and consultations of the works councils. The events agreed to hold the buy worth confidential.”These two acquisitions symbolize one other step ahead in strengthening Symrise’s advantageous perfume enterprise and are absolutely in line with our strategic goal to speed up our progress in this enterprise space”, stated Ricardo Omori, Global SVP Fine Fragrance of Symrise AG. “With the transactions, we enhance our entry to high-quality pure elements, increase our buyer base and strengthen our competitiveness by way of higher agility in addition to a considerably enlarged advantageous perfume workforce in the historic birthplace of perfumery in Europe, Pays de Grasse.”The mixture of those two acknowledged gamers with Symrise’s Fine Fragrance division provides distinctive alternatives for the prospects in addition to the workers of SFA Romani and Groupe Neroli. Symrise intends to construct a powerful participant in the Grasse space with a brand new progress platform together with creation facilities, gross sales and advertising and marketing groups, in addition to manufacturing capacities.SFA Romani, based in 1963 in Grasse, is internationally acknowledged for its selection of the best pure uncooked supplies, its craftmanship in perfume creation and the high quality of its compositions. In virtually 60 years, the firm has developed unparalleled know-how in high-end perfume compounds. The firm’s robust popularity relies on glorious data of the markets and proximity to its prospects. SFA Romani is operating a mixed improvement and manufacturing website in Saint-Cézaire, Pays de Grasse. Symrise would purchase SFA Romani from its present house owners, the Romani-Caruso household, Keensight Capital and Sofipaca.”We are very pleased with all that SFA Romani has achieved in 60 years as an unbiased firm. We embody unparalleled know-how and high quality in high-end perfume compounds from Grasse. We are assured that the firm and our model will proceed to flourish as a part of the Symrise household,” stated Viviane and Charles Romani-Caruso SFA Romani founders. “Joining Symrise is a singular alternative for SFA Romani to take our enterprise to new heights. We complement one another very properly and each corporations will profit from one another to obtain our widespread purpose of making the advantageous fragrances of tomorrow.”Groupe Neroli consists of the corporations Creations & Parfums and Floressence, each based in the mid-Eighties in St. Cezaire inside Pays de Grasse. Floressence was acquired in 2017 and merged with Creations & Parfums in 2021. To construct a powerful place in pure perfume elements, Groupe Neroli established long-term partnerships with native farmers for the sustainable cultivation of flowers in the Grasse space. Last November, Symrise had already introduced a three way partnership with Groupe Neroli. Now, the firm determined to absolutely purchase the shares.”We are more than happy about the provide to be a part of such an essential Group as Symrise. Customers and workers of Neroli might be in excellent arms which might be most essential for me”, stated Christian Dussoullier, CEO of Neroli group.About SFA Romani:Founded in 1963 by the perfumer Rodrigue Romani, SFA Romani is a family-owned perfume home specialised in high-end advantageous perfume merchandise. The firm maintains its personal artistic sources in addition to manufacturing websites in the Grasse space. SFA Romani has at all times been acknowledged for its selection of the best uncooked supplies, the creativity of its perfumers, and the high quality of its compositions. Excellent data of its markets and a focus to consumer wants have assured its popularity.About Groupe Neroli:Groupe Neroli was fashioned by the merger of perfume homes CREATIONS & PARFUMS and FLORESSENCE. Created in the Eighties, in the Grasse space – Saint-Cézaire-sur-Siagne, in the South of France, the two manufacturers are constructed on the savoir-faire of gorgeous uncooked supplies, from the cultivation of pure elements to their transformation, providing their home and worldwide shoppers top quality perfume compositions. As unbiased group with a household shareholder base, it brings collectively passionate specialists of the perfume business with the pure “Pays de Grasse” custom selling its craftmanship worldwide.About Symrise:Symrise is a worldwide provider of fragrances, flavors, meals, vitamin and beauty elements. Its shoppers embrace producers of perfumes, cosmetics, meals and drinks, prescription drugs and producers of dietary dietary supplements and pet meals. Its gross sales of €3.8 billion in the 2021 fiscal 12 months make Symrise a number one world supplier. Headquartered in Holzminden, Germany, the Group is represented by greater than 100 areas in Europe, Africa, the Middle East, Asia, the United States and Latin America. Symrise works with its shoppers to develop new concepts and market-ready ideas for merchandise that kind an integral a part of on a regular basis life. Economic success and company duty are inextricably linked as a part of this course of. Symrise – at all times inspiring extra…www.symrise.com Financial calendar27 April – Interim Group Report January-March 202203 May – Annual General Meeting22.03.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.The issuer is solely liable for the content material of this announcement.The DGAP Distribution Services embrace Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de
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