Mane acquires majority stake in Kancor Ingredients

By Caroline SCOTT-THOMAS contact

- Last updated on GMT

Mane acquires majority stake in Kancor Ingredients

Related tags: Essential oil, Corporation

French flavour and fragrance firm Mane has acquired a majority stake in India-based Kancor Ingredients Limited, the companies have said.

The terms of the deal have not been disclosed, but Mane said the partnership would create a food and beverage ingredients supply hub in India.

Mane president and CEO Jean Mane said in a statement: “I am pleased to be taking a majority stake in Kancor, a long-term supplier. This is in line with our strategy of controlling the sourcing of our natural raw materials.”

Mumbai-based Kancor was established more than 150 years ago in 1857. It produces natural colours, essential oils, spice oils, mints and menthols.

Related topics: Business, Flavours and colours

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