Symrise to acquire a 5% stake in Swedencare for $68m.

Symrise, a major producer of flavours and fragrances, agreed to acquire a 5% stake in Swedencare, a developer and manufacturer of pet care products, for $68m. “Swedencare is an impressive company that shares our passion for pet food solutions. In many markets the trend to pet ownership is increasing significantly and owners choose to provide their pets with products that best possibly support their health conditions. Swedencare has built a highly profitable business with a diverse portfolio and international presence. Our companies share many similarities and run complementary activities. We see a lot of opportunities to jointly strengthen our competencies. Symrise therefore underlines its commitment with an investment in Swedencare," Heinz Jürgen Bertram, Symrise CEO.