THE WHAT? Firmenich has announced the acquisition of Evonik’s CO2 extraction business, according to a press release issued by the company. Terms of the deal were not disclosed.
THE DETAILS The Trostberg-based facility will join the flavors and fragrances firm’s Centre of Excellence for Naturals, expanding its footprint from Grasse. Its products will be commercialized through Firmenich’s Ingredients division, adding to the group’s natural product palette for flavors.
“Firmenich has been a pioneer in CO2 extraction for three decades, creating game-changing, natural ingredients, such as the unique spicy notes of pink pepper,” said Patrick Firmenich, Chairman of the Board, Firmenich. “With this acquisition, I look forward to expanding our capacity in naturals to delight consumers with sustainably produced new ingredients.”
THE WHY? Naturals continue to trend and the acquisition significantly expands Firmenich’s capabilities in super critical fluid extraction (SFE), complementing its Naturals Centre of Excellence in Grasse, France.
“This technology strengthens our leadership in naturals by enabling us to capture the exact, authentic and vibrant notes we want from natural ingredients,” said Gilbert Ghostine, CEO, Firmenich. “Complementing our established leadership in perfumery and quadrupling our CO2 extraction capacity, this acquisition gives us the scope to apply SFE to a wider range of flavor products, such as peanuts, tea and coffee.”