Naturex, Natraceutical group ink merge agreement

Natraceutical says it will merge its ingredients division into Naturex, where it will hold a stake of 39% and become a board member in Naturex. The transaction costs Natraceutical 38 million euros ($57.15 million) of which 10 million euros will be made effective after the confirmation of both companies’ year-end results. The new company will have presence in Europe (50% of the combined proforma turnover) and the US (34%). After the merge, Naturex will have production sites in Europe, the US, Morocco, Australia and Brazil and sales offices in the US, Europe and Asia.