Symrise to Acquire Floral Concept

Symrise has executed a put option agreement to acquire 100% of the share capital of Floral Concept, a French premium natural ingredients house for fragrances. The proposed transaction is a strategic milestone that will accelerate Symrise's progress toward a leading position in premium natural fragrance ingredients, which are becoming an increasingly important source of differentiation in the creation of fine perfumes.

Demand for natural, traceable and highly differentiated ingredients continues to grow across personal care and perfumery, particularly in Fine Fragrance. Customers increasingly seek specialty extracts and technology-enabled natural ingredients that offer distinctive olfactive profiles, quality and authenticity. Through this transaction, they will benefit from a broader and more differentiated portfolio, enabling greater creative possibilities in premium fragrance compositions. At the same time, and in continuity with the ONE Symrise strategy, this move is well aligned with Symrise’s capital allocation and active portfolio management priorities. The transaction further advances Symrise's portfolio optimization strategy and supports its ambition to deliver durable, profitable growth and strong cash flow.

“With Floral Concept, we contemplate acquiring a high-quality growth platform fully aligned with the ONE Symrise strategic priorities. While Symrise already has a proven track record in high-performing naturals for food applications, especially since the Diana acquisition in 2014, and with our existing Naturals business for fragrances Maison Lautier 1795, we will build on Floral Concept's capabilities and, together with our existing capabilities, establish a best-in-class Naturals platform in Grasse dedicated to fragrances. I am convinced this will support the continued evolution of our portfolio towards more differentiated, resilient and value-creating businesses”, says Michael Friede, President Scent & Care Segment.

Floral Concept is a premium natural fragrance ingredients house that provides services to prominent fragrance houses. The company has established a strong reputation for the sourcing, selection, and transformation of natural raw materials into high-value fragrance ingredients since its inception in 2002.

“We have built Floral Concept around quality, authenticity and long-term relationships with producers and customers. In Symrise, we see a partner that understands Naturals, values the Grasse ecosystem and can support the next phase of Floral Concept’s development through its global reach and fragrance expertise”, adds Frédérique Rémy, General Manager, Floral Concept.

Floral Concept provides a series of premium natural fragrance ingredients that are derived from some of the most highly regarded botanicals in the perfume industry, such as jasmine, rose, orange blossom, ambrette, and blackcurrant. This is achieved by combining artisanal expertise with advanced transformation capabilities. The proposed acquisition builds on Maison Lautier 1795, Symrise's Naturals house, which is deeply rooted in the Grasse heritage, by adding complementary expertise in sourcing, selecting, and transforming exceptional natural raw materials. Floral Concept and Maison Lautier work together to create a dedicated Naturals cluster that combines complementary capabilities in responsible sourcing, extraction, transformation, and fragrance creation. This combination accelerates Symrise's ambition to become a leading player in Premium Naturals and significantly expands its premium Naturals capabilities. Additionally, it reinforces its commitment to sustainability, traceability, and long-term partnerships throughout the value chain.

Together, we have created an opportunity to expand creative and technical possibilities in premium natural ingredients. By combining Floral Concept's sourcing and extraction expertise with Maison Lautier's heritage of innovation, we will create a new benchmark for creativity, quality, and sustainability in perfumery”, explains Ricardo Omori, President Global Fragrance Division at Symrise.

The parties expect to close the contemplated transaction in Q3 2026 (subject to relevant employee information and customary closing conditions) and have agreed to treat the financial details of the investment as confidential.

Source: Symrise