Symrise AG, the parent company of Symrise Inc., (“Symrise”) is a leading global supplier of fragrances, flavors, and cosmetic ingredients. Symrise was looking to expand its international footprint in selected markets by acquiring further customers, technologies and complementary existing product lines. Over the last 70 years, Belmay has grown to become a well respected international, middle-market fragrance company with global operations. In early 2012, Belmay divested its Brazilian fragrance activities, Belmay Fragrances Industria e. Comerciado Ltda., to Symrise. The seamless nature of this transaction, allowed Belmay to consider a divestiture of its entire worldwide organization in a similar transaction.


Belmay’s product and customer portfolios complemented the existing activities of Symrise’s Scent & Care division and supported its existing plans for growth. While the acquisition strengthened Symrise’s business globally, it also added specific value to its growing presence in North America - Belmay’s core market - as well as other markets worldwide.

Having established excellent relationships, and mutual trust between the parties in their previous transaction, Conexus Capital Advisors Inc. assisted Symrise in initiating a transaction, and helped to negotiate a successful acquisition of Belmay and its international affiliates. The relatively complex transaction was again executed in a short time, to the mutual satisfaction of both parties.

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