Acquisition of Burgundy Botanical Extracts, strengthening offerings in the nutraceutical, pharmaceutical, and personal care markets

10/21/2011

Avignon, Friday 21 October. Naturex announces the acquisition of Burgundy Botanical Extracts, a French manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and cosmetics industries.

A European player in natural chemicals   
With twelve years of expertise in botanical extracts, combined with a knowledge of medicinal plants and
phytochemistry / biochemistry, BURGUNDY is one of the European leaders in this market.  BURGUNDY employs around 60 people at its two production sites based in France (Reyssouze - Department of Ain) and Spain (Palafolls) with significant capacity for extraction, purification and drying operations.BURGUNDY has three major markets and a service activity that had total revenue of 14 million euros over the last twelve months.

Nutrition & Health

39% of 2010 sales

Botanical extraction (dry or liquid forms) for functional foods and food and beverage additives.

Pharmaceutical

28% of 2010 sales

Botanical extraction and pure natural compounds for pharmaceuticals and phyto-pharmaceuticals.

Cosmetics

17% of 2010 sales

Natural active ingredients for cosmetics and beauty care.

Services

9% of 2010 sales

Custom formulation, extraction and processing.

Flagship brands and products developed by BURGUNDY over the last 10 years include grape seed and cranberry extracts, UTIrose™, a patented hibiscus extract for use in combating urinary infections and Iridoforce™, an extract of harpagophytum used in the prevention of arthrosis and joint diseases.

A strengthened manufacturing base and an expanded commercial offering
BURGUNDY's addition to the Group along with its complementary product portfolio (active substance master files, new botanical extracts, active ingredients) will enable NATUREX to strengthen its industrial base and capacities to meet customer needs by developing its expertise in nutraceutical, pharmaceutical and personal care.

BURGUNDY's products will in turn benefit from NATUREX's industrial and technological expertise in addition to its global sourcing capacity, innovation and the strength of its worldwide commercial network.

"This acquisition fits perfectly with NATUREX's strategy for pursuing growth in its different markets. It is an excellent development opportunity in terms of both manufacturing capacity and commercial positioning", commented Jacques Dikansky, NATUREX's Chairman-CEO and founder. "With our successful track record in integrating companies and the promising potential for synergies and cross-selling from this merger, we are confident in our ability to generate sustainable profitable growth, creating value for our customers, employees and investors."

Christophe Magnin, Chairman of Burgundy added: "Combining the forces of BURGUNDY with NATUREX will contribute to developing the industrial and scientific strengths of both these two entities. NATUREX's proactive commercial network will promote greater customer proximity and enhance service quality."

 

About Burgundy

Burgundy is a manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and cosmetics industries. It employs around 60 people and has two production plants located in France and Spain certified ISO 22000, ISO 9001, GMP, and Ecocert (organic certification). Innovative concepts such as UTIrose™, IridoForce™ are among the company's most well-known brands. Its manufacturing facilities have the capacity to produce concentrated or purified extracts in powder or liquid forms. www.burgundy-extracts.com

About Naturex

Naturex manufactures natural speciality ingredients for the Food & Beverage, Nutrition & Health and Personal Care industries. Headquartered in France, Naturex employs 1000 people and has 11 production units located in Europe (France, Italy, Spain, Switzerland and England), the United States (New Jersey and California), Brazil, Australia and Morocco. In addition, the group has several sales offices worldwide. www.naturex.com

 

Your contacts at Naturex:             

Jacques Dikansky
President and CEO
Tel: +33 (0)4 90 23 96 89
naturex@naturex.com
Antoine Dauby
Group Marketing Director
Tel: +33 (0)4 90 23 96 89
a.dauby@naturex.com

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