Speed ​​up the global integration of the flavor and fragrance industry

The world flavor and fragrance (F&F) industry is developing towards globalization and intensification

In recent years, there has been a wave of acquisitions in the world's flavors and fragrances (F&F) industry to promote intensive development

Some larger flavors and fragrances companies hope to gain momentum through business acquisitions to meet consumer demand for natural flavors and fragrances

Givaudan also acquired the nutrition division of Brazil's Centroflora Group earlier this year

In 2017, Givaudan acquired three perfume development companies including Expressions Parfumées, Swiss Activ International and Dutch Vika

Another industry-leading producer, Symrise, expanded its fragrance business in December 2017 by acquiring Citratus Fragrancias, a manufacturer of aromatic oils in Brazil

In May 2017, Dezhixin also acquired British Cobell, a supplier of processed vegetable juices

Frutarom is the undisputed king of acquisitions in the field of flavors and fragrances

Since the beginning of this year, the company has continued its acquisitions, such as the purchase of a 70% stake in Argentine Meroar, a flavor and fragrance product manufacturer, for US$11.

Andreas Fibig, Chairman and CEO of IFF, said: "Frutarom has an attractive product portfolio

Bernstein Research said that the potential synergy between the two companies after the merger is considerable