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Firmenich takes an interest in ArtSci
25 Jun 2019Firmenich has formed a strategic partnership with ArtSci Biology Technologies, taking a minority equity stake in the Chinese flavour company.
Building on Firmenich’s distributor agreement with ArtSci, Firmenich says that this investment will further expand thegGroup’s reach across Central and Western China’s middle-market where ArtSci is strongly established.
Headquartered in Hangzhou, in the Zhejiang province, ArtSci specializes in dairy and beverages.
“For more than three decades, Firmenich has been deeply committed to investing and growing in China,” said Patrick Firmenich, Chairman Firmenich. “This strategic partnership with ArtSci reinforces our long-term commitment by expanding our reach across China’s middle-market.” “We are delighted to be partnering with Firmenich, a world leader in taste with world-class technologies and innovation,” said Wang Ying, Chairman ArtSci. “With our strategic partnership, we can offer a broader portfolio of solutions and strengthened capabilities to our customers across China to best meet their needs today and in the future.” “Firmenich has great ambitions in China, as evidenced by our recent strategic investments,” says Gilbert Ghostine, Firmenich CEO. “I am delighted about our reinforced partnership with ArtSci, building on our successful distributor agreement, as it opens new avenues of growth across Central and Western China for both of us.”Companies mentioned
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