Personal care shows promise as Naturex posts double digit growth

By Andrew McDougall

- Last updated on GMT

Related tags Customer

French ingredients supplier Naturex has posted double digit growth for the third quarter of 2011 with its growing personal care business still pulling its weight.

Food & Beverage and Nutrition & Health still remain the two largest markets for Naturex in terms of numbers, but the company commented that although the base in personal care was still small, it sees the market as ‘highly promising’.

This comes after the company also just acquired Burgundy Botanical Extracts; a move that CEO Jacques Dikansky told was driven by the desire to grow in the cosmetics area.

Desire to grow

Burgundy is a manufacturer and supplier of plant extracts for the nutraceutical, pharmaceutical and cosmetics industries, and Naturex believes the deal will strengthen its industrial base and capacities to meet customer needs by developing its expertise in these markets.

The acquisition of Burgundy is Naturex’s ninth in as many years, and with rising profits reported for the France based natural ingredients giant, Dikansky said that further activity was likely in the foreseeable future.

“We expect to close a few deals like this in the coming months ... They are all in the natural ingredients and botanical extracts area for food, nutra, pharma and cosmetics applications.”

A solid nine months

Over the first nine months of 2011 the plant-based extract supplier recorded a turnover of €191.2m, up 12.1 per cent in comparison to the nine months of the previous financial year.

The growth of the third quarter was 1 per cent, and although the foreign exchange effects impacted the growth of the third quarter as it did in the second quarter, the Avignon-based firm reiterated that the figures were in line with the company’s 2011 objectives.

“In a troubled macroeconomic context, we have maintained strong organic growth in our main activities and all our geographical zones,”​ said Dikansky.

“The success of our capital increase will enable us to continue our expansion, by concretising our external growth plans in order to reinforce our industrial capacities and our commercial positioning with the aim of orienting our customers to an ever wider and more personalised product range.”

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