News
Symrise UK creates joint venture with Th. Geyer Ingredients
The deal will see the divestment of 51% of THG Trading – the fruit juice trading subsidiary of Symrise UK – to Th. Geyer Ingredients for an undisclosed sum.
Commenting on the joint venture, THG Trading managing director Markus Krekeler said: “This collaboration marks a significant milestone as we join forces to create a dynamic partnership with a shared vision for success. By entering this joint venture, Th. Geyer Ingredients wants to accelerate the successful business performance all over Europe and the Middle East.”
Oghma Partners’ involvement
Oghma Partners served as exclusive corporate finance advisor to Symrise. The group has previously advised on a number of deals within the food and drink industry, including Ornua’s divestment of its UK blending business to Aymes, advising Good Food Wines on its sale to Kiril Mischeff and the sale KTC Edibles to Endless.
Tim Owen, Partner at Oghma Partners, added: “It was a pleasure to work with the Symrise and THG teams and to have reached a successful conclusion to the process. This is our fourth completed transaction in 2024 and marks another successful deal in the food ingredients space in Europe, making Oghma Partners the most active M&A advisor in this sub-sector of the food industry.’’
Company breakdown
Germany-based Symrise is a global supplier of fragrances, flavours, food, nutrition and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of nutritional supplements and pet food.
Th. Geyer provides ingredients and laboratory services to food, beverage and cosmetics industries in the development and manufacture of products.
Meanwhile, in other mergers and acquisitions news, Rooster’s Brewing Co has announced the acquisition of fellow Harrogate beer maker Daleside Brewery.
The move allows Daleside managing director Eric Lucas and the firm’s shareholders to step down from the board and move into retirement. To facilitate the acquisition and to enable future growth, Rooster’s has raised a substantial amount of new capital from a private investor.
