Takasago International Corporation expands its Natural Material Portfolio through 100% acquisition of US-based Centre Ingredient Technology, Inc. (CIT). CIT produces Natural fragrance & flavor ingredients using their unique Biotechnology manufacturing processes. CIT also supplies specialty ingredients for the food, beverage, and cosmetics industry.

 

Developing unique and technologically superior technologies continues to be a Takasago focus and priority. This is clearly stated as a core strategy of Takasago’s medium term growth plan – GP3.  With the highly advanced manufacturing technologies and  capabilities of CIT and Takasago’s unique and patented fermentation technologies, we expect significant quality, cost and efficiency improvements that will enable Takasago to meet the ever increasing demands for natural ingredients and become a significant player in the Natural Ingredients arena.

 

Takasago President and CEO, Mr. Satoshi Masumura said: “I am extremely pleased to welcoming CIT into the Takasago Group. CIT will become a very important partner that will enable Takasago to be more competitive in the Natural Ingredients field.” 

 

Additionally, Takasago believes CIT will continue to contribute to the Takasago group as it is designated to be the new Natural Ingredients development center in near future.

 

About CIT

Name: Centre Ingredient Technology, Inc

Head office: 101 Commerce Pl. Rockingham, NC 28379, U.S.A.

Representative: Dr. Mohamad I. Farbood

Established: 1998

Net Sales: US$ 2,080 thousand (2014)

 

 

Schedule of the purchase agreement and transfer

Agreement Execution:      19 January, 2016

Share transfer:                 19 January, 2016

 

 

Future prospective

Though the impact on consolidated financial performance for the fiscal year ending 31 March 2016 is not significant, we will notify immediately if there is any item to be disclosed.