Symrise AG is growing again. The German fragrance-and-flavors company said Friday it opened an expanded production plant for cosmetic ingredients at its headquarters in Holzminden. The 15 million euro facility ($16.8 million at current exchange) provides a significant boost in production capacities to Symrise’s scent and care unit, which holds its cosmetic ingredients division. This will broaden its competitive presence on the market, the company said. Additionally, the plant is flexible, and energy-efficient, in line with the firm’s sustainability goals. Further facilities are in the pipeline for Germany and the U.S., said Symrise.
“With our sound knowledge of formulations, consumers and the market as well as our application expertise, we are supporting our customers in developing personal care products,” commented Symrise’s Gabriele Vielhaber in a statement. “Also, our innovative strength has helped us set standards in cosmetic ingredients. We will continue to develop that expertise.”
Symrise has been in expansion mode since 2013, when it opened a new research center at its home base in Germany. In the last two years, the firm has launched a number of facilities abroad, including a new production plant in the Brazilian Amazon region, which opened this May. Symrise became the third-largest global fragrances and flavors company through its 2014 acquisition of the French Diana Group, which also boosted the firm’s sales and revenues.
On Monday, Symrise announced it had acquired U.S.-based natural fragrance-and-essence company Pinova Holdings Inc., in a $387 million deal.
In its most recently reported figures, Symrise registered 2015 second-quarter net profits of 66.9 million euros, or $74 million at exchange for the period in question, an increase of 34.6 percent, as well as sales of 662.7 million euros ($732.8 million) for the quarter, an uptick of 40.4 percent.