Symrise AG (SYIEF.PK,SYIEY.PK) announced it has acquired the global fragrance business of the Belmay Group, an international developer and manufacturer of fragrances and perfume oils. The companies have agreed to keep the purchase price confidential.
The Belmay Group, headquartered in Yonkers, New York, is a developer and manufacturer of fragrance creations, particularly in the segments fine fragrances, cosmetics and air care. Belmay generated fragrance sales of around US$60 million in fiscal 2012. At the beginning of 2012, Symrise took over Belmay's Brazilian fragrance business.
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by RTT Staff Writer
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