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The Symrise plant at 601 N. Crestwood St. in the Norwood area takes up about 50 acres. It started there in 1910 as Standard Turpentine Co.
Jax Daily Record Wednesday, Sep. 7, 201612:00 PM EST

Symrise buys Renessenz plant in Norwood

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Effective Oct. 1, the 106-year-old fragrance and specialty-chemical ingredients plant in Jacksonville known as Renessenz LLC will transfer ownership and take on a new name — Symrise Inc.

The sign at the almost 50-acre property has been changed to Symrise, which confirms continued international investment in the area.

Symrise AG is based in Germany. The company was not available immediately to discuss plans for the plant.

Property records show the Jacksonville plant comprises a 55-building complex at 601 Crestwood St. in the Norwood area about 5 miles north of Downtown.

The Renessenz factory began in 1910 as Standard Turpentine Co. and has changed ownership several times.

Renessenz has been in business for more than a century manufacturing and marketing specialty chemicals using natural and renewable raw materials.

The Jacksonville plant has been known through the years under names that include SCM Glidco Organics and Millennium Specialty Chemicals. It has been called Renessenz since 2010.

The new ownership has been a year in the making.

In September 2015, Symrise AG announced it would buy Pinova Holdings Inc., the parent of Pinova Inc. and Renessenz LLC, from TorQuest Partners of Canada.

Pinova Holdings, based in Brunswick, Ga., is a leading supplier of ingredients used mainly in making perfumes, fragrances and oral care products.

Pinova Holdings operated Pinova Inc. and Renessenz LLC and their three manufacturing plants — in Brunswick and Colonels Island, Ga., and in Jacksonville.

The three sites employed about 400 people at the end of fiscal 2014 and recorded sales of $287 million.

Symrise completed the $417 million acquisition as of Jan. 7.

An Aug. 30 letter filed with the St. Johns River Water Management District says the name of Renessenz will change effective Oct. 1 and ownership will transfer from Pinova Holdings Inc. to Symrise Inc.

The letter notifies the district that permits will transfer to Symrise as of midnight Oct. 1. The letter is from Pinova at the Crestwood Street address and Symrise Inc. in Teterboro, N.J.

The ownership permit transfer indicates complete integration.

Symrise and TorQuest information online says Renessenz makes fragrance ingredients and Pinova produces performance specialty chemicals. Both make sensory ingredients, such as cooling products.

Symrise operates more than 80 locations worldwide, is represented in more than 40 countries and is among the top three companies in the global flavors and fragrance market.

It has more than 8,300 employees globally.

The company is a supplier of fragrances, flavors, cosmetic and active ingredients and raw materials as well as functional ingredients.

Clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food.

Symrise claims a 12 percent share among the leading companies in the flavors and fragrance market.

The symrise.com site said it operates two segments: Flavor & Nutrition and Scent & Care.

Symrise said the acquisition supports its long-term strategy of sourcing and processing renewable raw materials, providing full traceability along the supply chain.

It said the purchase also enables Renessenz to offer more products.

Symrise CEO Heinz-J├╝rgen Bertram said in September the acquisition allows it to take a big step in the growth of its Aroma Molecules business, a division of its Scent & Care segment

Symrise was formed in 2003 by a merger of two German companies.

[email protected]

@MathisKb

(904) 356-2466

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