| FWB: SY1 |
|Dr. Heinz-Jürgen Bertram (CEO and chairman of the executive board), Dr. Thomas Rabe (chairman of the supervisory board)|
|Products||Flavors and fragrances|
|Revenue||€3.408 billions (2019)|
|€476 millions (2019)|
|€304 millions (2019)|
|Total assets||€4.920 billion (end 2018)|
|Total equity||€1.672 million (end 2010)|
Number of employees
|10,243 (FTE, mid 2020)|
Symrise AG is a major producer of flavours and fragrances with sales of €3.154 billion in 2018. Major competitors include Firmenich, Givaudan, International Flavors and Fragrances, Frutarom and Takasago International. Symrise is a member of the European Flavour Association.
Symrise was founded in 2003 by the merger of Haarmann & Reimer (H&R) and Dragoco, both based in Holzminden (Germany). In 2002 private equity firm EQT Northern Private Equity and Bayer reached an agreement on the acquisition of Haarmann & Reimer while acquiring the shares of minority holders of DRAGOCO. Horst-Otto Gerberding, majority holder and Chairman of the Executive Board at DRAGOCO, placed all of his shares into the new corporation and the merger was completed May 23, 2003.
Dragoco was founded in 1919 by Carl-Wilhelm Gerberding and his cousin August Bellmer. Haarman & Reimer was founded in 1874 by Holzminden chemists Ferdinand Tiemann and Wilhelm Haarmann after they succeeded in first synthesizing vanillin from coniferin. Holzminden was the site where vanillin was first produced industrially. In 1953, H&R was acquired by Bayer.
In April 2005 Symrise acquired Flavours Direct, a UK-based manufacturer of compounded flavours and seasonings.
In January 2006 Symrise acquired Hamburg based Kaden Biochemicals GmbH, a producer of specialty botanical extracts.
In November 2006, Symrise announced plans to sell shares worth €650 million in an IPO.The firm also announced that its main shareholders, including EQT, would also sell shares worth an unspecified amount. The IPO would leave well above 50% of Symrise shares in free-float. Deutsche Bank and UBS conducted the listing on December 11, 2006. Symrise was listed on the Frankfurt Stock Exchange with the trading symbol SY1. With 81,030,358 shares issued at an issue price of €17.25 for a total volume of €1.4 billion, it was the largest German public offering of 2006.
On 19 March 2007, Symrise was added to the MDAX stock index.
In March 2013, Symrise acquired US owned fragrance manufacturer Belmay Fragrances for an undisclosed sum.
On 12 April 2014, Symrise had announced the acquisition of Diana Group one of the leading manufacturers of natural flavours and the global number 1 for pet food solutions. The transaction has been closed on July 29, 2014 and valued at around EUR 1.3 billion and financed through a combination of equity and debt.
World market share of the relevant fragrance and flavor market (2015)
Flavor, flavour, or taste is the perceptual impression of food or other substances, and is determined primarily by the chemical senses of the gustatory and olfactory system. The "trigeminal senses", which detect chemical irritants in the mouth and throat, as well as temperature and texture, are also important to the overall gestalt of taste perception. The taste of food, can be altered naturally or artificially.
Vanillin is an organic compound with the molecular formula C8H8O3. It is a phenolic aldehyde. Its functional groups include aldehyde, hydroxyl, and ether. It is the primary component of the extract of the vanilla bean. Synthetic vanillin is now used more often than natural vanilla extract as a flavoring agent in foods, beverages, and pharmaceuticals.
Freescale Semiconductor, Inc. was an American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorola in 2004. Freescale focused their integrated circuit products on the automotive, embedded and communications markets. It was bought by a private investor group in 2006, and subsequently merged into NXP Semiconductors in 2015.
Firmenich 芬美意 SA is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company in the field and ranks number two worldwide. Firmenich has created perfumes for over 100 years and produced a number of well-known flavors.
Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.
Holzminden is a town in southern Lower Saxony, Germany. It is the capital of the district of Holzminden. It is located on the river Weser, which at this point forms the border with the state of North Rhine-Westphalia.
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a private company by an existing public company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company.
ISS A/S is a facility services company founded in Copenhagen, Denmark in 1901. ISS services include: cleaning services, support services, property services, catering services, security services, workplace services and facility management services. The ISS Group’s revenue amounted to DKK 78.555 billion in 2019 and ISS has more than 450,000 employees and activities in countries across Europe, Asia, North America, Latin America and the Pacific.].
Givaudan is a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients. As of 2008, it is the world's largest company in the flavour and fragrance industries.
International Flavors & Fragrances is an American corporation that produces flavors, fragrances, and cosmetic actives, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 different countries. The company is a member of the S&P 500 Index.
A special purpose acquisition company, also known as a "blank check company" is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process. According to the U.S. Securities and Exchange Commission (SEC), "A SPAC is created specifically to pool funds in order to finance a merger or acquisition opportunity within a set timeframe. The opportunity usually has yet to be identified". SPACs raised a record $82 billion in 2020, a period sometimes referred to as the "blank check boom".
Sensient Technologies is a global manufacturer and marketer of colors, flavors and fragrances based in Milwaukee, Wisconsin. Their products are used in many foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors. Sensient reported revenue of $1,468 million in 2013. Subdivisions include the Sensient Flavors & Fragrances Group and the Sensient Color Group. Within the Flavors & Fragrances Group is Sensient Natural Ingredients.
Jazz Semiconductor is a US-based semiconductor wafer foundry that serves customers targeting wireless, optical networking, power management, storage, aerospace/defense and other applications. Headquartered in Newport Beach, California, Jazz passed through a number of acquisitions including the short-lived company Acquicor Technology, which renamed itself Jazz Technologies and then sold it two years later.
Almarai Company is a Saudi multinational dairy company which is listed on the Tadawul stock exchange. It specializes in food and beverage manufacturing and distribution. The company's main offices are located in Riyadh, Saudi Arabia.
Eurazeo is an investment company formed by the April 2001 merger of Azeo and Eurafrance.
Apollo Global Management, Inc., is a global alternative investment manager firm. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in New York City, with offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.
Micro Focus International plc is a British multinational software and information technology business based in Newbury, Berkshire, England. The firm provides software and consultancy. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Kroll is a multinational financial consultancy firm based in New York City. Since Duff & Phelps was founded in 1932, the firm has added more than 30 complementary companies to its portfolio, including the 2018 acquisition of Kroll. Together, all of the brands have supported the company's growth from a 10-person team to the diverse and agile firm that it is today, serving more than 5,000 clients each year, including 48% of the S&P 500, 61% of the Fortune 100, 85% of the Am Law 100 and 76% of the world’s top-tier private equity firms. The original Duff & Phelps was founded in 1932 by William Duff and George Phelps.
Wild Flavors, Inc. is a manufacturer of flavors, colors, and food and beverage ingredients Its headquarters are in Erlanger, Kentucky and the firm is affiliated with Rudolf WILD GmbH & Co. KG and Dr. Hans-Peter Wild..
Greenhill is an independent investment bank founded in 1996 by Robert F. Greenhill. The firm provides advice on mergers, acquisitions, restructurings, financings, and capital raisings to leading corporations, partnerships, institutions and governments across a number of industries.