January 7, 2014
Naturex, the global leader in specialty plant-based natural ingredients, announces the acquisition of a majority stake in Chile Botanics, a new Chilean company specialized in the production and marketing of Quillaja extracts.
This new investment of approximately US$3 million fits the Group’s strategy of pursuing selective exteal growth opportunities using a collaborative approach, when applicable, in building equity positions. This strategy allows it to address the principal market trend related challenges: access to differentiating or complementary raw materials, penetrating or strengthening local positions in geographical markets with strong potential, developing an offering combined quality, innovation and sustainability.
Chile Botanics is in this respect a particularly interesting company, providing both an additional base in Latin America where Naturex is already present (Brazil and Mexico), access to very specific resources (Quillaja) and a solid positioning as a specialist underpinned by the involvement of strong local management.
As exclusive M&A advisors to Naturex, Canec Inteational initiated and facilitated the transaction.