Global provider of fragrances, flavours and active ingredients Symrise announced its has acquired the global fragrance business of the Belmay Group.

Both Belmay’s product and customer portfolios complement the existing activities of Symrise’s Scent & Care division and support its plans for growth. While the acquisition strengthens Symrise’s business globally, it also adds specific value to the company’s growing presence in North America, which is Belmay’s core market,Symrise said in a release.

Dr. Heinz-Jürgen Bertram, CEO of Symrise

The Belmay Group, headquartered in Yonkers, New York, develops and manufactures fragrance creations, particularly in the segments fine fragrances, cosmetics and air care. The company generated fragrance sales of around US$ 60 million in the 2012 fiscal year. At the beginning of 2012, Symrise took over Belmay’s Brazilian fragrance business, which has been integrated into local operations successfully.

Symrise aims at profitable growth and continuously expands its activities in market segments that are growing dynamically. The market for air care products, for example, has been experiencing above-average growth for the past few years. This holds true on an international level and especially for North America, where demand for air care products is particularly strong,” said Dr. Heinz-Jürgen Bertram, CEO of Symrise.

The companies have agreed to keep the purchase price confidential.