Nactis Flavours Unveils €8 Million Investment Programme
Nactis Flavours, the French aromatic raw materials, ingredients and flavours expert, is launching a major programme to invest €8 million over the next three years with a view to building the Group’s new R&D centre of excellence in Bondoufle (91) and optimizing its main production sites. The Group, which is targeting €100 million turnover by 2018, is preparing for its business to develop strongly as its external growth strategy is ramped up, with Robertet Savoury acquired in December 2014 and further operations currently being looked into in Europe and the US.
The investments from this €8 million programme will focus primarily on the Bondoufle and Yssingeaux sites in France and the site at Schoten near Antwerp in Belgium. In 2013 and 2014, close to €1 million was invested at its Chartres site in France, specialised in essential oil distillation and aroma chemical synthesis, in addition to extending the Furdenheim site, which will welcome the production unit from the Illkirch site, which has become obsolete and is scheduled to close at the end of 2015.
In November 2014, Nactis Flavours raised €10 million from MML Capital, which now has a 20% stake in its capital alongside the management team (5%) and its founder, Hervé Lecesne (75%), through the holding company NFI (Nactis Flavours Investissements).
“Thanks to this investment programme, which will enable us to significantly strengthen our capacity for innovation, while increasing our responsiveness, we will be ramping up the implementation of our combined internal and external growth strategy with a view to meeting our target of €100 million in revenues by 2018,” says Daniel Faguer, CEO of Nactis Flavours.
“Our new R&D creation centre of excellence, which will be opening in Bondoufle, will be a showcase for all our know-how and expertise, located just 20 minutes from Paris. Our teams of flavourists, perfumers, engineers and technicians will be welcoming all our agents and all our French and international customers to this centre to develop, in perfect synergy, the flavours, ingredients and aromatic raw materials required to ensure the success of our customers’ products,” comments Hervé Lecesne, founder and Chairman of Nactis Flavours.
