Various media outlets are reporting that the Diana Group, a French Food ingredients maker, has received takeover bids from Germany's Symrise and Japan's Ajinomoto.
According to Reuters, buyout firms CVC Capital Partners, Euroazeo and Pamplona are also in the race for the company, which is owned by private equity firm Ardian.
Diana generated €415 million in revenue in 2012, making nutritional ingredients for the food, pet food and aquaculture industries.
Sysmrise, the world's fourth largest mare of flavors and fragrance, is also considering a bid for Wild Flavors as the company searches for deals that would accelerate growth.
Bloomberg have reported that Symrise's Chief Executive Officer Heinz-Juergen Bertram today told journalists in a press briefing of the company's intentions to buy Wild Flavors.
“You can see that we wouldn’t shy away from bigger targets,” Bertram said. “We always have five to seven potential acquisitions on our list. Some are bigger and some are small to medium-sized.”
© 2014 - European Supermarket Magazine by Enda Dowling
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