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Comment Business & Economics

Cognis sells Botanicals Extracts Business

By Gerald Ondrey |

On February 20, global specialty chemicals supplier Cognis GmbH (Monheim am Rhein, Germany; www.cognis.com) signed an agreement to sell its Botanicals Extracts Business to Burgundy Botanical Extracts Iberia, S.A. (Burgundy; www.burgundy-extracts.com). Today, Cognis and Burgundy announced that the sale of the Botanicals Extracts Business has now been formally completed. Cognis has sold its Botanicals Extracts Business in order to streamline its portfolio in businesses which offer critical mass and bring competitive synergies in its key markets. The new owner is Burgundy, a fast growing company specialized in the botanical extract business using solvent extraction, headquartered in Reyssouze, near Lyon in France. The company is owned by Cristal Union Group and Holding Financière Maconnaise (HFM). The Botanicals Extracts Business focuses on the production of botanical extracts for pharmaceuticals, dietary supplements and cosmetics, and operates two production sites in Spain. In 2007, it generated net sales of around 9 million euros. Its main products – liquorice derivatives, phytopharmaceuticals, and dry and liquid herbal extracts for dietary supplements and cosmetic industries – are supplied to customers around the…
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