Takasago International Corporation announced the expansion of its Natural Material Portfolio through the acquisition of US-based Centre Ingredient Technology, Inc. (CIT) on January 20, 2016. CIT produces natural flavor and fragrance ingredients using their unique biotechnology manufacturing processes. In addition, CIT also supplies specialty ingredients for the food, beverage, and cosmetics industry.
Mr. Satoshi Masumura, President and CEO of Takasago, commented on the acquisition saying, “Developing unique and superior technologies continues to be a Takasago focus and priority. This is a core strategy of Takasago’s medium term growth plan. 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. The acquisition will also enable Takasago to address the ever increasing consumer demands for natural ingredients and to become a key player in the Natural Ingredients arena.”
Additionally, it is anticipated that CIT will also contribute to the future of the Takasago Group as it will be designated the development center for new Natural Ingredients.