Symrise To Buy Floral Concept For Undisclosed Sum

India, July 24 -- Symrise AG (SYIEF.PK,SYIEY.PK,SY1.DE), a German chemicals company, said that it has signed a put option deal to acquire Floral Concept, a French natural fragrance ingredients company, for an undisclosed sum.

The transaction is expected to be closed in the third quarter.

"The contemplated transaction represents a strategic milestone in accelerating Symrise towards a leading position in premium natural fragrance ingredients, an increasingly important source of differentiation in fine perfumery creations," the German company said.

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The acquisition will boost Symrise's portfolio optimization strategy and support its ambition to deliver dura...