Cognis’ sale of its Botanicals Extracts Business to Burgundy Botanical Extracts Iberia, S.A., has been formally completed.
Cognis says that it sold this business in order to streamline its portfolio in activities which offer critical mass and bring competitive synergies in its key markets. Burgundy Botanical Extracts is a fast-growing company specialised in the botanical extract business using solvent extraction and is 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 e9 million. Its main products – liquorice derivatives, phytopharmaceuticals, and dry and liquid herbal extracts for dietary supplements and the cosmetic sector – are supplied to customers around the world. Under the agreement, Cognis will continue production and distribution of certain botanical products for the cosmetics industry.
