Symrise Aims for Full Ownership of Probi to Strengthen Leadership in Health Solutions

Symrise Aims for Full Ownership of Probi to Strengthen Leadership in Health Solutions

(IN BRIEF) Symrise, a global leader in health and nutrition solutions, has made a public cash offer to acquire the remaining shares of Probi AB, a biotics solutions company listed on Nasdaq Stockholm. Already holding a 69.7% stake in Probi, Symrise aims to integrate the company into its group to accelerate growth and enhance global market capabilities. Probi’s second- and third-largest shareholders have endorsed the offer, which aligns with Symrise’s strategy to expand its leadership in health-focused solutions.

(PRESS RELEASE) HOLZMINDEN/STOCKHOLM, 20-Nov-2024 — /EuropaWire/ — Symrise, a global leader in health and nutrition solutions, has announced a public cash offer to acquire the remaining shares of Probi AB, a prominent biotics solutions provider listed on Nasdaq Stockholm’s Mid Cap. Already Probi’s largest shareholder with a 69.7% stake, Symrise has been a shareholder since 2012 and has played an active role in supporting the company’s growth and innovation.

Probi specializes in researching, producing, and delivering biotics for dietary supplements and functional foods, offering products that enhance health and well-being worldwide. Symrise’s offer underscores its confidence in Probi’s market potential, its innovative product portfolio, and the expertise of its global team.

Heinz-Jürgen Bertram, CEO of Symrise, highlighted the strategic value of the acquisition: “Probi’s exceptional work in biotics aligns seamlessly with Symrise’s mission to deliver leading health solutions globally. By integrating Probi within the Symrise group, we can unlock new opportunities to elevate its operations and enhance its market presence, benefiting both customers and stakeholders.”

Symrise’s offer has already secured the backing of Probi’s second- and third-largest shareholders. The company believes that taking Probi private within the Symrise group will create a stronger foundation for future growth, leveraging combined expertise to deliver innovative, customized health solutions to customers worldwide.

Further details about the offer are available at www.symrise.com/probi.

About Symrise:

Symrise is a global supplier of fragrances and flavors, cosmetic basic and active ingredients as well as functional ingredients. Its customers include perfume, cosmetics, food and beverage manufacturers, the pharmaceutical industry and producers of dietary supplements and pet food. With sales of around €4.7 billion in the 2023 financial year, the company is one of the world’s leading providers. The Group, headquartered in Holzminden, Germany, has more than 100 branches in Europe, Africa and the Middle East, Asia, the USA and Latin America. Together with its customers, Symrise develops new ideas and marketable concepts for products that have become an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked. Symrise – always inspiring more…
www.symrise.com

Media Contact:

Bernhard Kott
Phone: +49 (0)5531 90-1721
E-Mail: bernhard.kott@symrise.com

SOURCE: Symrise