Page 10 - HPIC-Magazine (Feb-2021)

Indian News

OVERSEAS ACQUISITION
Aroma chemicals firm, Eternis, acquires UK’s

Tennants Fine Chemicals and subsidiaries

Mumbai-based aroma chemicals combined product
specialist, Eternis Fine Chemicals offer will position
Ltd. has completed an acquisition of us well for further
100% shareholding of UK-based Ten- growth.”
nants Fine Chemicals Ltd. and its
wholly-owned subsidiaries in Singa- Mr. Billy Gittins,
pore and China, from Tennants Con- Managing Director
solidated Ltd. of Tennants Fine
Chemicals added,
Eternis said the acquisition will “Our combined
expand and complement its range of manufacturing foot-
aroma chemicals, while the multi- print across two
location manufacturing and distribu- key regions will of-
tion platforms will help it to better fer better security of
service customers regionally and de- supply. Our regional
risk supply chains. service strategy in
China and SE Asia
Eternis is a Mariwala family- expanding its capacities at its other has proved beneficial and will be fur-
owned business that has been in the manufacturing facilities. ther strengthened with the addition
fragrance and flavour industry since of Eternis’ products”.
decades. Eternis was set up in 1988 Commenting on completion of its
originally as Hindustan Polyamides first overseas acquisition, Eternis Tennants Fine Chemicals, until

and Fibres Ltd. (HPFL) and was Managing Director, Mr. Rajen Mari- January 31, 2021, was a subsidiary

re-branded as Eternis Fine Chemicals wala, said, “The addition of this of the Tennants Group (Tennants
Ltd. in 2015. The company has three large independent, high-end manu- Consolidated Ltd.) and is the largest
manufacturing facilities in Maha- facturer enhances our business and primary manufacturer of speciality
rashtra with a total capacity of over brings with it many strategic advan- aroma chemicals. The company has
40,000-tpa of aroma chemicals. Eter- tages. We will now have established a nameplate capacity for over 26,000
nis made its first acquisition in 2018 operations in Europe and Asia, with tons of liquid chemicals each year,
with the addition of Aims Impex in the ability to service our customers exporting to almost 90 different coun-
India and has been continuously from stock hubs and partners. The tries worldwide.

Synthite Group Chairman CV Jacob passes away

A veteran industrialist in Kerala to food, fragrance ingredients etc. The group employs
and Chairman of the Kochi-based and flavour indus- more than 2,500 workers directly and
Synthite Group, Mr. C.V. Jacob (87), tries across the engages farmers in rural areas indi-
passed away on January 31. globe. The com- rectly.
pany is said to
Considered a doyen of the oleore-
Mr. Jacob also established a pri-
sins industry, he played a pivotal role control about 40% vate industrial park at Pangode near
of the global oleo-
in the company and country’s growth resin market. Syn- Kolenchery known as Synthite Taste
in this sector.
thite has a portfo- Park. He was the former Vice-Chair-
Founded in 1972, Synthite Indus- lio of 500 products man of Spices Board and also the
tries is now a leading oleoresin from spice oleoresins, essential oils, founder-director of Cochin Interna-
extraction firm, supplying ingredients natural food colours, functional food tional Ltd.
10 Home, Personal & Institutional Care India February 2021