SUBSCRIBE

Breaking News on Supplements, Health & Nutrition - Europe US edition | APAC edition

News > Suppliers

Read more breaking news

 

 

Symrise bids for Swedish probiotic player

By Shane Starling , 06-Feb-2014

Symrise bids for Swedish probiotic player

Symrise has given Swedish probiotic player, Probi’s board and shareholder’s about a month to sell it the remaining 70% it doesn’t own after making a formal bid today.

Symrise is offering 40.10 Swedish kronor (€4.50) per share and Probi has said its board will make public its view on the takeover proposal next week.

The German flavours and fragrance house was obliged under financial law to make the buy-out offer after it raised the stake it has been building in Probi fir a couple of years above 30% last month.

The €4.50 per share offer corresponds to the highest price paid by Symrise during the last six months.

Backgrounder

Symrise first took an interest in Probi when it bought an 11.8% stake in August, 2011, which it has gradually increased since.

The two companies announced a formal R&D collaboration  at the end of 2012, at which time Symrise spokesperson Bernhard Kott told us oral probiotic supplements were likely to reach market this year or next.

“This is just the starting point, it will take time, but we will also work with academics and research institutions,” Kott said. “We have a lot of expertise in mints and these are a first product area for immunity and gut health and other health areas will also be explored.”

Probi had sales of about €11.25m in 2012 and has commercial ties with Danone and Merck among others.

Symrise is the world’s fourth largest supplier of fragrances and flavourings after Givaudan, Firmenich and International Flavors and Fragrances. It operates in 160 countries and had a turnover of €1.74bn in 2012.

Probi has around 5000 shareholders.

Related products

Live Supplier Webinars

Polyphenols tipped to become the way to innovate in Sports Nutrition
Fytexia
Orally bioavailable standardized botanical derivatives in sport nutrition: special focus on recovery in post-intense physical activities
Indena
Collagen in motion: move freely and keep your injuries in check
Leading manufacturer of gelatine and collagen peptides
Life’s too short for slow proteins. Whey proteins hydrolysates: Fast delivery for enhanced performance
Arla Foods Ingredients
What it Takes to Compete and Win in Today’s Sports Nutrition Market
Capsugel
Sports Nutrition Snapshot: Key regional drivers and delivery format innovations
William Reed Business Media
Gutsy performance: How can microbiome modulation help athletes and weekend warriors
William Reed Business Media
Pushing the boundaries: Where’s the line between ‘cutting edge nutrition’ and doping
William Reed Business Media
Alpha & Omega in Sports Nutrition – Using Omega 3’s and A-GPC to improve performance and recovery.
KD Pharma

On demand Supplier Webinars

High-amylose maize starch may reduce the risk of type 2 diabetes: what does this qualified health claim mean?
Ingredion
Balancing Innovation and Risk in Sports Nutrition Ingredients
NSF-International
Explaining bio-hacking: is there a marketing opportunity for food companies?
William Reed Business Media
Personalized Nutrition – how an industry can take part in shaping the future of Nutrition
BASF Nutrition & Health
Find out Nutritional and ingredient lifecycle solutions and strategies!
Roquette
Is the time rIpe for I-nutrition?
William Reed Business Media
The Advantage of Outsourcing Fermentation-based Manufacturing Processes
Evonik Health Care
All supplier webinars