09.01.09
In a deal that establishes “the world leading independent company of natural specialty ingredients,” Naturex, Avignon, France, and Natraceutical Group, Valencia, Spain, have formalized a memorandum of understanding to merge their ingredient activities, which is expected to take effect before the end of the year. The transaction will be structured by means of the integration of Natraceutical’s ingredients division into Naturex, where Natraceutical will become a board member and a relevant minority shareholder alongside SGD, the family controlled holding company of Jacques Dikansky, Naturex’s chairman and CEO. The company will operate under Naturex management, headed by Mr. Dikansky.