(IN BRIEF) Symrise, a global supplier of fragrances, flavors, and nutrition, has entered a joint venture with Sunner, a leading integrated poultry processor in China, to supply the China pet food market with sustainable and high-quality egg solutions. The joint venture, in which Symrise holds the majority and operational management, will leverage Sunner’s expertise in chicken breeding, farming, feed processing, and meat processing to manufacture and market high-quality and sustainable egg proteins under the Symrise Pet Food brand, Nutrios. The partnership reflects Symrise’s commitment to sustainable, high-quality ingredients and its leadership in the pet food market.
(PRESS RELEASE) SHANGHAI, China/ HOLZMINDEN, Germany, 24-Feb-2023 — /EuropaWire/ — Symrise (ETR: SY1), a global fragrance and flavoring manufacturer based in Germany, has entered a joint venture with Sunner, one of China’s main integrated poultry processors. The joint venture will supply the China pet food market with sustainable and high-quality egg solutions. Symrise has established a leading position in the egg protein and ingredients business through the acquisition of IsoNova in the USA in 2019 and Schaffelaarbos in the Netherlands in 2022. Symrise also recently reinforced its Pet Food leadership in APAC with the completion of a new factory in China in 2021 and the acquisition of Wing Biotech in mid-2022.
Under the strategic partnership, Symrise will hold the majority and operational management of the joint venture, which will leverage Sunner’s expertise in chicken breeding and farming, feed processing, and meat processing. The joint venture will manufacture and market high-quality and sustainable egg proteins under the Symrise Pet Food brand, Nutrios. The collaboration will take place at a new facility in China, and the products will be sold under the Nutrios brand.
“With this new step, Symrise accelerates its pet food growth strategy in China. This move fully meets our values and our sustainable positioning in egg upcycling. Experts consider APAC the fastest growing region for pet food applications globally. I am certain that this long-term partnership will enable us to combine our expertise and jointly meet the expectations and demands of consumers. It paves the way for many future opportunities,” said Dr. Jean-Yves Parisot, President Taste, Nutrition & Health of Symrise AG.
Fenfang FU, CEO of Sunner: “Symrise is a highly professional group, showing excellent results and with an international footprint with whom we are excited to engage in a joint adventure. We are confident about the benefits for our two entities, and also for our customers to whom we will deliver added value solutions with nutritional and healthy benefits.”
This joint venture reflects Symrise’s commitment to sustainable, high-quality ingredients and its leadership in the pet food market.
About Sunner:
Fujian Sunner Development Co., Ltd. (Sunner) is a family-owned company founded in 1983 and listed on the Shenzhen stock market. With a turnover of CNY 14.4 billion, Sunner counts over 20,000 employees and produces nearly 600 million chicken broilers per year, owning approximately 350 chicken farms in China.
Its major product is chicken, which mainly includes divided frozen and fresh chicken meat for the fast-food industry, the food manufacturing industry and meat wholesale markets. The company distributes its products primarily in domestic markets.
The company has realized the traceability of food safety by virtue of the complete and integrated whole industrial chain and has been rated as “China’s top ten food safety enterprises,” becoming a long-term strategic partner of world-renowned catering brands relying on excellent quality and stable supply. The company gives full play to the advantages of the integrated industrial chain of “self-cultivation, self-propagation, self-slaughter, deep processing,” adopts advanced production equipment and production technology, and realizes large-scale production in all links of the industrial chain.
About Symrise:
Symrise is a global supplier of fragrances, flavors, food, nutrition and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of
nutritional supplements and pet food.
Its sales of € 3.8 billion in the 2021 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented by more than 100 locations 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 integral 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:
Christina Witter
Phone: +49 55 31 90-21 82
Email: christina.witter@symrise.com
Perrine Extier
Phone: +33 297 93 80 80
Email: perrine.extier@symrise.com
SOURCE: Symrise
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