The deal, seen as ‘mutually complementary’, will also see Ajinomoto purchase 2.11% of T.Hasegawa’s shares at a cost of around €11.6 million (¥1.6 billion JPY) to increase the effectiveness of the business alliance.
A statement from Ajinomoto said the companies will combine T.Hasegawa’s flavour refining and formulation technologies with Ajinomoto’s biotechnologies and fermentation technologies - and utilise the business foundations of both companies to accelerate research, development and commercialisation of fermentation-derived natural flavours.
Through the alliance, the companies aim to launch fermentation-derived natural flavours and develop business globally within the next few years.