Symrise Acquires Perfume Ingredients Supplier Pinova Holdings

Symrise AG acquired Pinova Holdings, Inc., a supplier of ingredients from natural and renewable sources used primarily in the manufacture of perfumes, fragrances, and oral care products. Valued at $397 million, the acquisition helps expand Symrise’s ingredients business, especially for the perfume and cosmetics industry. Pinova Holdings’ business operations cover three segments: fragrance ingredients, sensory ingredients, and performance specialties.