- Flavor company Firmenich has made a major investment in Essex Laboratories, which produces natural peppermint and spearmint oils and extracts that are used in food, beverages and other products.
- Firmenich has seen more demand for natural mint flavors, and combining its expertise with Essex’s breeding program will allow Firmenich to create more that are specifically tailored.
- Company leaders say this venture will allow for more sustainable and cost-effective mint flavors in the future.
Large flavor companies continue to seek partners or acquire companies with expertise in natural ingredients.
Earlier this year, Japan-based Takasago International Corp. acquired Centre Ingredient Technology Inc. to expand its natural portfolio. CIT utilizes a unique biotech manufacturing process to produce natural fragrance and flavor ingredients. Takasago offers savory flavors for snacks, soups, sauces and gravies, spices and seasonings marinades, as well as flavors for use in various beverages.
Also this year, Frutarom announced a $130.4 million purchase of Wiberg GmbH of Austria, a world leader in savory flavors, to strengthen its position as a major player in the market. Frutarom has also purchased Grow Co., which creates natural ingredients that improve the body’s absorption of vitamins and minerals.