Symrise
{{Short description|German chemical company}}
{{Infobox company
| name = Symrise AG
| logo = Symrise_logo.svg
| logo_size = 250px
| type = Aktiengesellschaft
| traded_as = {{FWB|SY1}}
{{FWB|SY1U}}
DAX component (SY1)
| ISIN = {{ISIN|sl=n|pl=y|DE000SYM9999}}
{{ISIN|sl=n|pl=y|US87155N1090}}
| foundation = {{start date and age|2003}}
| location = Holzminden, Germany
| key_people = * Jean-Yves Parisot, CEO and chairman of the executive board)
- Olaf Klinger
- Stephanie Coßmann
- Walter Ribeiro
- Michael König, (chairman of the supervisory board)
| industry = Chemicals
| products = Flavors and fragrances
| revenue = {{increase}} {{Euro|4.99 billion|link=yes}} (2024){{cite web |url=https://symrise.com/corporatereport/2024/home/Symrise_Unternehmensbericht_24_EN_interaktiv_geschuetzt.pdf |title=Financial Report 2021 |access-date=24 April 2025 |publisher=Symrise}}
| operating_income = {{increase}} €718 million (2024)
| net_income = {{increase}} €478 million (2024)
| assets = {{increase}} €8.325 billion (2024)
| equity = {{increase}} €4.020 billion (2024)
| num_employees = 12,955 (Dec 2024)
| homepage = [http://www.symrise.com www.symrise.com]
}}
Symrise AG is a German chemicals company that is a major producer of flavours and fragrances with sales of €4.999 billion in [https://symrise.com/de/unternehmensbericht/2024/home/Symrise_Unternehmensbericht_24_DE_interaktiv_geschuetzt.pdf 2024]. Major competitors include Givaudan, Takasago International Corporation, International Flavors and Fragrances and Döhler. Symrise is a member of the European Flavour Association.{{cite web |date=December 31, 2024 |title=Corporate Report 2024 |url=https://symrise.com/corporatereport/2024/home/Symrise_Unternehmensbericht_24_EN_interaktiv_geschuetzt.pdf |url-status=live |access-date=24 April 2024 |publisher=}} In 2021, Symrise was ranked 4th by FoodTalks' Global Top 50 Food Flavours and Fragrances Companies list.{{Cite web|last=Fu|first=Rice|date=2021-04-06|title=2021年全球食用香精香料50强|trans-title=Global Top 50 Food Flavours and Fragrances Companies|url=https://www.foodtalks.cn/news/foodnews/top_100/5595|access-date=2022-02-11|website=FoodTalks|language=zh}}
History
Symrise was founded in 2003 by the merger of Bayer subsidiary Haarmann & Reimer (H&R)Neuer Duftstoffgigant heißt Symrise. Fusion von Ex-Bayer-Tochter Haarmann & Reimer und Dragoco kommt gut voran. In: Börsen-Zeitung, 22. Februar 2003. and Dragoco, both based in Holzminden, Germany.
=Haarman & Reimer=
Haarman & Reimer (H&R) was founded in 1874 by chemists Ferdinand Tiemann and Wilhelm Haarmann after they succeeded in first synthesizing vanillin from coniferin. Holzminden was the site where vanillin was first produced industrially.{{Cite web |title=Datei:Tiemann, Haarmann-Ueber das Coniferin.pdf |url=https://de.wikipedia.org/wiki/Datei:Tiemann,_Haarmann-Ueber_das_Coniferin.pdf}}{{Circular reference|date=September 2023}}
In 1917, H&R supported Leopold Ružička's unsuccessful three-year project to synthesize irone, a fragrance of violets.{{cite journal | last1 = Prelog | first1 = Vladimir | author-link1 = Vladimir Prelog| last2 = Jeger | first2 = Oskar | doi = 10.1098/rsbm.1980.0013 | title = Leopold Ruzicka (13 September 1887 – 26 September 1976) | journal = Biogr. Mem. Fellows R. Soc. | volume = 26 | pages = 411–501 | year = 1980 | doi-access = }}
In 1953, H&R was acquired by Bayer.
=Dragoco=
Dragoco was founded in 1919 by Carl-Wilhelm Gerberding and his cousin August Bellmer.
Horst-Otto Gerberding, majority holder and Chairman of the Executive Board at Dragoco, placed all of his shares into the new Syrmise corporation and the merger was completed May 23, 2003.
=History since 2003=
In April 2005, Symrise acquired Flavours Direct, a UK-based manufacturer of compounded flavours and seasonings.
In January 2006, Symrise acquired Hamburg based Kaden Biochemicals GmbH, a producer of specialty botanical extracts.
In November 2006, Symrise announced plans to sell shares worth €650 million in an IPO.[http://www.wallstreet-online.de/nachrichten/nachricht/1966782 IPO news from Wall Street journal (in German)] The firm also announced that its main shareholders, including EQT, would also sell shares worth an unspecified amount. The IPO would leave well above 50% of Symrise shares in free-float. Deutsche Bank and UBS conducted the listing on December 11, 2006. Symrise was listed on the Frankfurt Stock Exchange with the trading symbol SY1. With 81,030,358 shares issued at an issue price of €17.25 for a total volume of €1.4 billion, it was the largest German public offering of 2006.[http://investor.symrise.com/399.0.html?&L=1&tx_ttnews%5btt_news%5d=27&tx_ttnews%5bbackPid%5d=397&cHash=deb7e748f0 Symrise IPO press release]
On 19 March 2007, Symrise was added to the German MDAX stock index.
[http://investor.symrise.com/399.0.html?&L=1&tx_ttnews%5btt_news%5d=74&tx_ttnews%5bbackPid%5d=397&cHash=c57c22280a MDAX listing announcement]
In March 2013, Symrise acquired US-owned fragrance manufacturer Belmay Fragrances for an undisclosed sum.
On 12 April 2014, Symrise had announced the acquisition of Diana Group one of the leading manufacturers of natural flavours and the global number 1 for pet food solutions.{{Cite web |title=Symrise plant Milliardenübernahme |url=https://www.handelsblatt.com/unternehmen/industrie/aromahersteller-symrise-plant-milliardenuebernahme/9757782.html}} The transaction was closed on July 29, 2014, and valued at around EUR 1.3 billion of equity and debt.
In November 2020, Symrise announced its purchase agreement with Sensient Technologies Corporation, to acquire its fragrance and aroma business.{{Cite web |last=avr |date=2021-08-05 |title=MDAX {{!}} Symrise erzielt kräftiges Umsatz- und Ergebniswachstum |url=https://www.nebenwerte-magazin.com/mdax-symrise-erzielt-kraeftiges-umsatz-und-ergebniswachstum/ |access-date=2023-02-27 |website=Nebenwerte Magazin |language=de-DE}}
Key figures
World market share of the relevant fragrance and flavor market (2015)
{{Graph:Chart|width=100|height=100|type=pie|legend=Legend|x=Givaudan, Firmenich, IFF, Symrise, Takasago, Mane SA, Frutarom, Sensient Flavors, Robertet SA, Hubao, T. Hasegawa, Others |y1=19, 13, 12.5, 12, 4.9, 4.4, 3.6, 2.8, 2.0, 1.7, 1.6, 22.5|showValues=}}
Source:[http://www.leffingwell.com/top_10.htm Flavor & Fragrance Industry Leaders]
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References
{{Reflist}}
External links
- {{official website|http://www.symrise.com/}}
{{Perfume}}
{{DAX companies}}
{{Authority control}}
Category:Chemical companies of Germany
Category:Companies based in Saxony
Category:Food and drink companies of Germany
Category:Cosmetics companies of Germany
Category:Companies formerly in the MDAX