Symrise posts growth; Givaudan sells St. Louis plant
Symrise has posted a 6.2% sales growth for 2007, reaching Euro 1,274.5m. As a result the board is proposing a first annual dividend of 50 cents per share to shareholders. Products with additional benefits increased at a particularly fast rate, accounting for 31.5% of total sales. Its Scent & Care division increased its sales in local currencies by 6.5% to Euro 671.3m, with cosmetics posting a 10.6% increase and fine fragrances up 8.5%.
Symrise has posted a 6.2% sales growth for 2007, reaching Euro 1,274.5m. As a result the board is proposing a first annual dividend of 50 cents per share to shareholders. Products with additional benefits increased at a particularly fast rate, accounting for 31.5% of total sales. Its Scent & Care division increased its sales in local currencies by 6.5% to Euro 671.3m, with cosmetics posting a 10.6% increase and fine fragrances up 8.5%.
The company has also singed an agreement to acquire the flavour business of Danish company Chr. Hansen, which is hoped to generate a substantial majority of its flavour business in the US.
In other news, Givaudan has announced it has sold its food ingredient business and manufacturing facility based in St. Louis, US to Performance Chemicals & Ingredients for an unspecified sum.