Mutares buys Symrise’s US terpene business AmeriTerpenes
- Business operates two integrated production sites in Jacksonville, Florida, and Colonels Island, Georgia
- Products include Dihydromyrcenol, Linalool and Anethole, used in perfumes and food and beverage flavorings
- Deal follows Mutares’ acquisition of SABIC’s engineering thermoplastics unit in the same segment
Mutares has acquired AmeriTerpenes, the terpene ingredients business of Symrise, as part of a corporate carve-out.
AmeriTerpenes produces natural terpene-based ingredients derived from renewable pine-based feedstocks. Its portfolio includes Dihydromyrcenol, Linalool and Anethole, used in perfumes, household products, and food and beverage flavorings. The company holds leading positions in several of these core products, including as the largest North American producer of Dihydromyrcenol, according to a press release, and supplies customers across the consumer goods, personal care, food and beverage, and industrial chemicals markets.
The company generates approximately $200 million in revenue and employs around 170 people. With manufacturing across two integrated US production sites in Jacksonville, Florida, and Colonels Island, Georgia, the business serves customers globally, particularly across North America. Many of these customer relationships span more than a decade.
The acquisition strengthens Mutares’ Chemicals & Materials segment, which was established following the firm’s acquisition of the engineering thermoplastics business from SABIC, and expands its footprint in the US market.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
