In June 2015, Symrise underwent a scheduled review by the prominent international index provider FTSE. In the course of this, the index confirmed Symrise’s membership in the FTSE4Good index. FTSE provides financial market participants with security indices that cater to specific investment goals. The FTSE4Good index features securities from companies with top performance in sustainability and corporate governance (ESG). It is highly regarded by ESG investors.
Symrise acted as a co-sponsor for the Girl Up Leadership Summit of the United Nations Foundation that took place in Washington D.C., USA this past July. The UN initiative Girl Up promotes girlsʼ education worldwide. 225 participants from around the world met under the motto “Stand Up. Speak Up. Rise Up.” Its most prominent speaker was First Lady of the USA Michelle Obama.
Symrise has strengthened its position as a solutions provider for cosmetics with its expanded production plant for cosmetic ingredients. The plant has started operations in September 2015. With the € 15 million investment in Holz-minden, the company substantially increased its production capacities, gained greater flexibility in production, pooled more production steps at its own plant and reduced its energy consumption. At the same time, it increased yields and production quality – an excellent example of our sustainable growth strategy.
Symrise boosted its activities in the Scent & Care segment with the acquisition of Pinova Holdings Inc. (Brunswick, Georgia, USA). The company, which generated sales of USD 287 million in 2014, is an internationally leading supplier of ingredients from natural and renewable raw materials, for instance, based on wood and orange oils. It also manufactures cooling substances that are used in connection with menthol-based products – for example, in oral care or chewing gums. The purchase price amounted to USD 397 million. By 2020, annual synergies of roughly € 20 million are expected.
The Carbon Disclosure Project (CDP) includes more than 5,500 companies worldwide. In November 2015, it welcomed Symrise to its Climate A List. This means Symrise currently belongs to the Top 100 companies globally in terms of transparency of its climate activities. The scoring also accounts for goals, strategies and measures taken to combat climate change. In addition, when it comes to environmental reporting, Symrise plays a leading role in the MDAX® and within its industry in Germany, Austria and Switzerland.
Lavender from the “Alpes de Haute Provence” in Southern France is one of the most important raw materials used in perfumes. Symrise procures large amounts of natural lavender oil from this area. With its support for the regional research institute, Symrise is contributing to reduced energy consumption in the harvest and distillation of lavender.
At the in-cosmetics 2015 in Barcelona, the largest specialist trade fair for cosmetic ingredients, Symrise presented a wide range of innovative ingredients that received a great deal of attention. The ingredients included formulation ideas for sensitive skin, adapted to the various skin types that exist around the world. Further examples included plant juices with particularly high antioxidant properties and skin-soothing characteristics or blossom extracts for personal, hair and facial care products.
Diana Pet Food and the biotechnology company BRAIN entered a strategic partnership on taste research for cats. Based on the BRAIN technology “Cat Taste Cells” (CTC), the partner companies are searching for new ingredients to improve the taste of cat food. A big deal: The worldwide market volume for pet food is € 53 billion.
With the acquisition of the California-based company Flavor Infusion, Symrise expanded its product range for beverage applications, particularly in the flavored mineral water segment. With this purchase, Symrise has acquired comprehensive know-how and established products and a substantial customer base in the dynamically growing US beverage market.
In May 2015 Symrise opened a new production site Symrise Amazon Ecoparque in the Amazon region of Brazil (Belém, Pará). The diverse flora of the rainforest is being systematically evaluated in a sustainable manner for possible use in global beauty care products, such as oils and butters for perfumes and cosmetics.
Symrise issued a € 500 million promissory note loan with international investors in November. The funds will finance the acquisition of Pinova Holdings and other growth projects. Due to very high investor demand, the originally planned total amount issued of € 250 million was doubled, and the terms for the three tranches of five, seven and ten years are very favorable.