FLAVORS & FRAGRANCES
The flavor & fragrance industry is our passion and our history. The industry is characterized through its customers: the internationality-driven consumer products companies. We have seen middle-market flavor & fragrance companies of relatively small size follow their customers' international expansion. While historically even divesting raw material operations, the industry has turned and is now investing again in natural raw materials. The industry not only is integrating vertically into essential oils and even proprietary flavoring/fragrancing molecules, but it is also horizontally expanding into other value-added ingredients.