Scents and flavours company to buy French food ingredient maker

Germany’s Symrise, the world’s fourth-largest scents and flavours company, has agreed to buy French food ingredient maker Diana Group from private equity firm Ardian, a deal that will expand its activities into the pet food market.

Ardian said yesterday that the transaction valued Diana Group at around €1.3bn.

The deal still needs approval by employee representatives and competition watchdogs.