Mane acquires majority stake in Kancor Ingredients
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.
