BERLIN — Fragrance and flavors giant Symrise has acquired the Belmay Group.
Symrise, which is headquartered in Holzminden, Germany, will take over the existing customer and product portfolio, research and development departments, and selected property and equipment from Yonkers, N.Y.-based Belmay, which specializes in fragrances and perfume oils. The move, effective today, will expand Symrise’s presence in North America, the company said, and the deal will also expand activities in market segments such as hair care. Symrise had already acquired Belmay’s Brazilian fragrance business at the start of 2012.
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