Ashland recently announced that it has signed a definitive agreement to sell its Avoca business to Mane. The transaction is expected to close in the calendar first quarter 2025, subject to the satisfaction of customary closing conditions.
In a move to increase its competitive advantage in Latin America, Swiss flavors, fragrances and active cosmetic ingredients manufacturer Givaudan has inaugurated its newly expanded production facility at the Pedro Escobedo site in Mexico, enhancing the company’s encapsulation technologies.
Chinese chemical group Wanhua has launched its 48,000-ton-per-year citral production facility in Yantai, China.
In a move to enhance its R&D capabilities, customer proximity, and market presence in the North of China, German flavors and fragrances manufacturer Symrise has opened a new office and lab facility for food & beverage in Beijing.
International Flavors & Fragrances (IFF) plans to complete the renovation and expansion of its facilities in Shanghai, China by the end of August. The 16,000 m2 site, named “Shanghai Creative Center,” is IFF’s largest in Asia.
German flavor and fragrance company Symrise has increased its stake in in US company Kobo Products, a pigment and powder specialist, to 49%. The transaction, said Symrise, creates further opportunities for both companies in the fields of mineral UV filters and decorative cosmetics. Kobo customers are also expected to benefit from expanded capacities and global supply chains.
German specialty chemicals producer Lanxess has wrapped up its acquisition of International Flavors & Fragrances’s microbial control business unit, a year after announcing the $1.3 billion deal with the US company in August 2021.
Azelis has announced that it has agreed to buy a majority stake in Ashapura Aromas, a leading Indian distributor of flavor & fragrance ingredients.
