Symrise AG

  • WKN: SYM999
  • ISIN: DE000SYM9999
  • Land: Deutschland

Nachricht vom 08.05.2019 | 14:00

Symrise announces Califormulations, LLC: A unique platform to foster beverage innovation

DGAP-News: Symrise AG / Key word(s): Investment

08.05.2019 / 14:00
The issuer is solely responsible for the content of this announcement.


  • End-to-end beverage concepts for the North American market
  • A new 100,000 sq ft innovation campus located in Georgia
  • Integrated access to Symrise locations
  • Focused innovation with high degree of agility and flexibility


Symrise has announced the company's investment in and the creation of a strategic partnership with Califormulations, LLC, a unique platform designed to deliver end-to-end beverage innovation to consumer packaged goods (CPG) companies and their brands. Califormulations, LLC combines the expertise of Symrise, including its Beverage Innovation Centers in Laguna Beach and Teterboro, with the offering of The Green Organic Dutchman Holdings Ltd. (TGOD).
 

Paul Graham, President, Symrise Flavor North America, stated, "Major packaged goods companies put their focus on agile innovation to help fuel growth around their core brands. Agile venturing and creative innovation sprints will replace the traditional and often time-consuming 'stage gate' innovation funnel and are changing innovation sustainably."
 

Califormulations, LLC fully embraces this approach. The company is run by an industry experienced management team and built on a business model that is designed for speed, agility, flexibility and focused innovation, with each investor harnessing specialized expertise.
 

The new platform combines beverage expertise and innovation capabilities with the ability to quickly develop shelf-ready, scalable products. Customers will have access to the expertise located at three locations: the newly formed Califormulations, LLC location in Columbus, Georgia, with 100,000 sq ft for beverage development, multi-purpose production, pilot scale flexible bottling and shelf-ready, scalable packaging; Symrise's regional headquarters in Teterboro, New Jersey, providing global expertise in flavor solutions, including taste for sugar reduced products; and the specialized Symrise Beverage Center in Laguna Beach, California, to inspire creativity in beverage product concepts.
 

Utilizing the expertise located at these three locations, Califormulations, LLC in cooperation with Symrise will deliver a rapid innovation approach composed of four integrated parts: Insights & Design, Prototyping & Evaluation, Development & Production and the Activation Ecosystem.
 

The Symrise team brings a proven reputation in beverage innovation and incubation, a comprehensive portfolio of consumer insights, a strong footprint in beverage and CPG accounts including core listings with global brands. TGOD adds a new element to the business through their expertise in producing premium organic cannabinoids. Using sustainable growing practices, TGOD offers organic CBD and other organic cannabinoids where allowed by local laws and regulations. The end result is a unique, agile, end-to-end approach to innovation with full project management across every step.
 

Paul Graham concluded, "The complementary capabilities of Califormulations, LLC will foster innovation and scale new, successful brands quickly."
 

About Symrise:

Symrise is a global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food.

Its sales of approximately EUR 3.2 billion in the 2018 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented with over 100 sites in Europe, Africa, the Middle East, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise - always inspiring more.

www.symrise.com

 

Media Contact:  
Bernhard Kott Christina Witter
Phone +49 (0)5531 90-1721 Phone +49 (0) 5531-90-2182
Email: bernhard.kott@symrise.com Email: christina.witter@symrise.com
 

 

Social Media:

twitter.com/symriseag
linkedin.com/company/symrise
youtube.com/agsymrise
xing.com/companies/symrise



08.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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