Symrise has sold AmeriTerpenes, its terpene ingredients business, to Munich, Germany-based private equity investor Mutares for an undisclosed sum.

AmeriTerpenes, a producer of renewable terpene ingredients, serves customers across fragrance, flavour and industrial applications from its US-based manufacturing sites in Jacksonville, Florida and Colonels Island, Georgia.

The signing and closing of the transaction took place simultaneously. Both parties to the transaction have agreed to keep financial details relating to the transaction confidential.

The transaction is expected to result in a non-cash disposal loss amounting to a mid-double-digit million-euro impact, which will reflect in Symrise's annual financial statements 2026.

Symrise said the divestiture will enables it to further sharpen its portfolio and increase management focus on its core growth platforms.

Dr Jean-Yves Parisot, CEO of Symrise, said: “This transaction gives a good example of how we are actively shaping Symrise for the future with continued portfolio management: AmeriTerpenes is a strong business with excellent people, longstanding customer relationships and differentiated manufacturing capabilities.

“We are pleased that, with Mutares, we have found an experienced owner that brings a strong operational track record in corporate carve-outs and is well-suited to support AmeriTerpenes into its future,” he added.

“We also look forward to continuing our partnership with AmeriTerpenes and Mutares as its new owner through strategic agreements entered into as part of the transaction.”

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Source: Personal Care Magazine (https://www.personalcaremagazine.com/)

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