Naturex has announced the acquisition of Burgundy Botanical Extracts, a French manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and cosmetics industries.
"With twelve years of expertise in botanical extracts, combined with a knowledge of medicinal plants and phytochemistry / biochemistry, Burgundy is one of the European leaders in this market." the company stated. Burgundy employs around 60 people at its two production sites based in France and Spain with significant capacity for extraction, purification and drying operations. Burgundy reported total revenue of 14 million Euros over the last twelve months.
"Burgundy´s addition to the Group along with its complementary product portfolio will anable Naturex to strengthen its industrial base and capacities to meet consumer needs by developing its expertise in nutraceutical, pharmaceutical and personal care," Naturex said.
"This acquisition fits perfectly with Naturex´s strategy for pursuing growth in its different markets. It is an excellent development opportunity in terms of both manufacturing capacity and commercial positioning", commented Jacques Dikansky, Narurex´s Chairman-CEO and founder. "With our successful track record in integrating companies and the promising potential for synergies and cross-selling from this merger, we are confident in our ability to generate sustainable growth, creating value for our customers, employees and investors".
About Naturex
Naturex manufactures natural speciality ingredients for the Food & Beverage, Nutrition & Health and Personal Care Industries. Headquartered in France, Naturex employs 1,000 people and has 11 production units located in Europe, The U.S., Brazil, Australia and Marocco.