Jacques Dikansky, CEO of Naturex

Naturex, a supplier of specialty plant-based natural ingredients, has acquired Burgundy Botanical Extracts, a French manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and personal care industries.

This buy out, helps the company headquartered in Avignon (South of France) to strengthen its positioning in the nutraceutical, pharmaceutical and personal care markets

With twelve years of expertise in botanical extracts, combined with a solid knowledge of medicinal plants and phytochemistry and biochemistry, the Burgundy group is among the European leaders in this market and 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 had a total revenue of 13 million euros in 2010. Consideration for this acquisition was paid in cash according to an enterprise value based on a multiple of 1.2 times sales (14 million euros over the last twelve months).

"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.