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Symrise To Acquire Futura Labs

Builds stronger position in the Gulf region.

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By: TOM BRANNA

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Symrise has signed an agreement to acquire Futura Labs Group, a leading flavors and fragrances manufacturer in Egypt and the United Arab Emirates. A purchase price was not disclosed. Futura had sales of about $15 million in 2008. With this acquisition, Symrise expands its footprint in several large and attractive markets in this region and creates the new market leader in Egypt. The product portfolio and client list of Futura Labs have an excellent fit with the existing operations of Symrise...

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