Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Naturex president and chief executive officer, Jacques Dikansky, tells Shane Starling why in August the French botanicals giant bought Spanish supplier, Natraceutical Group, to double its size for the third time since 2002.
Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.
Naturex has succeeded in its stated ambition to become the world’s biggest independent botanicals extracts supplier by striking a deal that brings on-board the ingredients division of Spanish company, Natraceutical.
Naturex has set up its own corporate foundation to support local communities in parts of the world where it sources plant raw materials, as it looks to long term sustainability and putting its corporate values into action.
Dietary supplement makers are offered new source of polyphenols from cost-effective raw materials as French natural ingredients firm Naturex buys into new patented technology that produces polyphenols extracted from onion and lettuce.
Naturex is targeting an operating margin of 11 per cent in 2008 as its acquisitions of Chart and Berkem's Actifs Innovants yield profits, but it will take longer to turn loss-making Hammer Pharma into a positive contributor.