Industry News

Symrise Strengthens its Product Portfolio by Completing Acquisition of Pinova Holdings

Published on 2016-02-10. Author : SpecialChem

Pinova announce that the acquisition of Pinova Holdings by the Symrise Group is now complete. Pinova Performance Specialties and Symrise are committed to a common goal which is to create and sustain a unique position in the industry with a differentiated product portfolio.

Pinova - Member of the Symrise Group
Fig. 1: Pinova - Member of the Symrise Group

The acquisition of Pinova supports the long term strategy of Symrise to grow through portfolio diversification. The Performance Specialties business adds attractive new products, applications and customers to the Symrise Group and will be the growth platform for all specialty products from natural renewable resources that are sold into the adhesives, tire and rubber, construction, agriculture and other industrial market segments. In addition, Pinova rosin resins and polyterpene resins, including Pinova®; Ester Gum 8BG, Piccolyte®; polyterpene resins, and Hercolyn®; D and Staybelite®; rosin resins, are essential, value-enhancing components in several flavor, fragrance and cosmetic products, strengthening Symrise’s market position in these strategic applications.

Pinova represents a global organization of over 8,000 employees with 80 locations around the world. The Performance Specialties business will directly benefit from the technical expertise and infrastructure provided by the Symrise Group. Symrise will ensure the on-going viability of the manufacturing operations through our disciplined approach to operational excellence. We have already established several teams focused on driving operational efficiency for the manufacturing sites. The combination of Pinova with Symrise will represent a much stronger partner with improved global reach.

The contact information of Pinova remains. Pinova looks forward to leveraging the combined strengths of Pinova Performance Specialties with Symrise to expand its relationship.

About Pinova

Pinova delivers state-of-the-art performance specialty rosin, polyterpene resins, and sensory ingredients for many of the world’s most essential industries and best-known brands. Customers in over 100 countries use Pinova’s premium performance rosin resins and polyterpene resins to meet the exacting product standards in a wide variety of specialized markets. Pinova is dedicated to deliver sustainability, innovation, enduring quality, and customer service.

About Symrise

Symrise is a global supplier of fragrances, flavorings, cosmetic base materials and substances, as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food.

Its sales of more than € 2.1 billion in the 2014 fiscal year place Symrise among the top three companies in the global flavors and fragrances market. Headquartered in Holzminden, Germany, the Group is represented in over 40 countries in Europe, Africa, the Middle East, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise thus takes sustainability into account in every part of its corporate strategy. The company was awarded the German Sustainability Award in 2012. In 2013, Symrise was certified as a “Green Company” by DQS.

Source: Pinova 

PS: If you liked this News, you might enjoy our Cosmetics Industry Newsletter. All the Industry News delivered once a week right to your inbox. Sign up here!

Back to Top