Naturex shareholders overwhelmingly approve the integration of the Ingredients Division of Natraceutical Group
Avignon - December 30, 2009 - Today's Joint General Meeting of Naturex shareholders has voted by a very large majority to approve the planned merger of the Ingredients Division of Natraceutical Group. This approval constitutes the final step in the acquisition of the division which will be consolidated within Naturex as of December 31, 2009.
Following the merger, Naturex will become the world leading independent company of natural speciality ingredients.
Moreover, the transaction will further strengthen the group's production sites (France, Spain, Italy, United Kingdom, Switzerland, Morocco, United States, Brazil and Australia) and give it a more balanced geographical coverage (50% in Europe, 34% in the United States and 16% in Asia and the rest of the world).
Naturex will publish its yearly revenues for 2009 on January 29 , after the close of the markets.
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NATUREX has been listed on segment C of Euronext Paris since October 1996.
ISIN Code: FR0000054694 - Reuters: NATU.LN Bloomberg: NTRX:FP
Number of outstanding ordinary shares: 3,882,040. www.naturex.com
Naturex has a recognized place amongst the very top global leaders in natural extracts. Naturex manufactures and markets natural ingredients for the food, nutraceutical, pharmaceutical and cosmetic industries.
These products are exclusively sold to industrial companies. Today's market for extracts is very strong since the natural origin of ingredients fulfils a buoyant and fast-growing demand from end consumers. Naturex's strength lies in its ability to position itself on specific products which constitute market niches.
During the past ten years, Naturex has recorded very strong growth. Revenues have been multiplied by ten during this period. To maintain the healthy organic growth of the group and to fully exploit its expertise in offering high value-added, high-performance technical solutions for each of its different markets, Naturex has structured its activities, since 2009, into three core businesses: Food & Beverage, Nutrition & Heath and Personal Care.
Following the integration of the Ingredients Division of Natraceutical Group, Naturex, which is based in Avignon, will employ around 900 people and will realize over 90% of its sales overseas. Naturex currently has production units in France, Morocco, the United States and Italy, as well as 8 sales offices located in Europe, the United States and Asia. Once the operation is complete, the group will also benefit from new production facilities in Switzerland, the United Kingdom, Spain, Brazil and Australia, and from a sales office in Bangkok.
|Naturex contacts:||Actus contacts:|
President and CEO
Tel: +33 (0)4 90 23 96 89
Vice-President and CFO
Tel: +33 (0)4 90 23 96 89
Tel: + 33 (0)1 72 74 82 23
Anne Catherine Bonjour
Tel: + 33 (0)1 53 67 36 93
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