New Directions Aromatics Acquires Aromatic Fragrances International

Aroma360 Acquires Assets of NextScent and Launches Aroma360 Pro

March 25, 2024

Marketing & Advertising

Aroma360 has acquired the assets of NextScent Inc. and launched a new commercial services division, Aroma360 Pro, to expand its enterprise scenting and air-care capabilities. The deal brings NextScent’s patented Ventus air-care system and executive team into Aroma360’s portfolio to support multi-location businesses, hotels, casinos and other large venues worldwide.

Phoenix Flavors and Fragrances Acquires Innovative Fragrances Inc.

April 18, 2022

Consumer Products

Phoenix Flavors and Fragrances has acquired Innovative Fragrances Inc., an Atlanta-area developer and compounder of fragrance compounds serving home fragrance, personal care, candles and air freshener markets. The deal expands Phoenix's geographic footprint in the Southeast United States and strengthens its perfumery, regulatory and technical capabilities.

TruArc Partners Invests in New Directions Aromatics

February 15, 2022

Consumer Products

TruArc Partners, a U.S.-based middle-market private equity firm, has made a strategic investment in New Directions Aromatics, a Toronto-area supplier of natural and organic raw materials to the cosmetics, health & beauty and personal care markets. The partnership will provide capital and operating support to expand capabilities, pursue add-on acquisitions, and accelerate growth; TruArc operating partners Don Sturdivant and John Schweig will join New Directions' board as co-chairmen.

AromataGroup / Ambienta Acquire MML Capital's Stake in Nactis Flavours

January 1, 2020

Food & Beverage

AromataGroup, backed by private equity firm Ambienta SGR, acquired MML Capital’s 30% stake in French flavour manufacturer Nactis Flavours as part of a transaction that creates the enlarged holding Nactarome. The deal consolidates European flavour and ingredient capabilities and supports continued international growth for Nactis (which now generates ~40% of revenue outside France).

Phoenix Aromas & Essential Oils Acquires Aromatic Ingredients Limited

May 1, 2019

Manufacturing

Caymus Equity Partners portfolio company Phoenix Aromas & Essential Oils has acquired Aromatic Ingredients Limited, a Nottingham-based blender and distributor of raw materials for the flavor and fragrance industry. The acquisition, which closed on May 9, 2019, expands Phoenix's international presence and enhances its blending and distribution capabilities.

McCormick & Company Acquires Brand Aromatics

March 9, 2015

Food & Beverage

McCormick & Company acquired 100% of Brand Aromatics, a Lakewood, New Jersey-based supplier of natural savory flavors, marinades and broth/stock concentrates, for approximately $63 million in cash. The acquisition expands McCormick's industrial flavor capabilities and broadens its value-added product offerings to packaged food companies and restaurants.