Botanical extract giant Naturex is opening a subsidiary in Chile to strengthen its position in Latin America. The move follows its January 2014 acquisition of Chile Botanics and its factory in Linares.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
French supplier Naturex is reaping the benefits of its December buy-out of the ingredients division of Spanish supplier Natraceutical with a record quarter net profit of €3.2m and €10.8m for the nine months to the end of September.
For many consumers, antioxidant doesn’t go beyond vitamins C and E, and beta-carotene, but as understanding of the antioxidant compounds in fruit and vegetables increases, more research is pointing towards the potential of polyphenols.
A UK Health Food Manufacturers’ Association (HFMA) workshop held this week in London has highlighted innovation challenges facing a health products industry that is “under considerable threat” from regulatory changes.
Naturex president and chief executive officer, Jacques Dikansky, tells Shane Starling why in August the French botanicals giant bought Spanish supplier, Natraceutical Group, to double its size for the third time since 2002.
Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.