HOLZMINDEN (dpa-AFX) - Symrise (SYIEY.PK, SYIEF.PK) announced the company and the current owners of Citratus have signed a purchase agreement with respect to all shares of Citratus Fragrâncias, a producer of fragrances. Closing of the transaction is expected to take place in January 2018. Citratus generated sales of about $12 million in 2016.
Achim Daub, Global President Scent & Care within Symrise Group, said: 'The acquisition of Citratus is thus a logical step. It fully supports our strategy of increasing our presence and position in emerging markets. Through the acquisition Symrise will become the market leader for small and medium-sized customers.'
Copyright RTT News/dpa-AFX
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