Symrise AG has signed an agreement to acquire Cobell Limited from the Managing Partners. Symrise has been active for more than five decades in the UK and is a highly valued supplier to the Food and Beverage industry. After significantly growing the sweet and savoury activities in the past, Symrise now aims to further drive growth in the British beverage market category. State-of-the art manufacturing sites will play a decisive role in reducing lead times and make Symrise a partner that is even closer to its customers. Both parties have agreed not to disclose financial details of the acquisition.
Nick Sprague, Chairman and founder of Cobell, says:
"We are delighted to have found a strong new owner for Cobell. Symrise shares the same mindset culturally and from a business perspective. Cobell will benefit from Symrise’s strong access to an impressive range of natural ingredients, as well as additional technologies, such as in taste modulation. Symrise on the other hand will be able to enhance its local supply chain and benefit from Cobell’s specialist sourcing and global supply base. Together we will be able to significantly increase our offering and differentiate ourselves in the market with tailor made solutions that fully respond to local consumer needs."
Dirk Bennwitz, President Flavor Segment Symrise EMEA says:
"Know how meets innovation – this is the guiding principle of our acquisition of Cobell. The Group is firmly anchored in the British market and operates with extremely high customer orientation. It thus represents an ideal match for Symrise. In recent years we have seen increased demand for innovative beverage solutions. Together with Cobell we will prepare the ground for accelerated growth and expand our footprint. By combining Cobell’s impressive application and manufacturing capacities with our strong portfolio of natural flavours, and our joint technological knowhow, we will become a driving force. In addition, we will significantly enhance our customer proximity and act as single source for beverage ingredients and formulations in Great Britain.”
For more information, please follow the link below :