Robertet, a Grasse-based global specialist in natural raw materials for fragrances and flavors, has announced the signing of an agreement to acquire Phasex, an expert in supercritical CO2 extraction technology and the company's supplier since 2018.
Based in Massachusetts, USA, Phasex (30 employees, annual sales between 5 and 12 million euros over the last five years) was founded in 1981. A pioneer in supercritical CO2 extraction - a process that uses CO2 instead of traditional solvents such as hexane, butane or ethanol, to extract aromatic or functional compounds - it offers innovative, environmentally-friendly solutions for natural products, biopharmaceuticals and polymers.
The aim of this acquisition is to accelerate Robertet's growth by strengthening its production capacities and extending its CO2 extraction offer to the company's North American customers. The Grasse-based group also intends to develop new ranges of natural ingredients, for both flavors and fragrances, notably by taking advantage of North and South American biomass. It will also be able to reduce time-to-market thanks to the synergies developed between the two companies.
"The acquisition of Phasex represents a major step forward for us. Robertet becomes the first company in the Fragrances & Flavors sector to invest in CO2 extraction in North America, focusing on high value-added extracts for both the aromatic and nutra-cosmetic industries. By integrating Phasex's expertise, we are consolidating our leading position in natural ingredients, while developing more sustainable, high-performance solutions for our customers. This operation strengthens our industrial base in North America, one of the main levers for achieving our objective of one billion euros in global sales by 2030."said Jérôme Bruhat, CEO of Robertet.
Robertet has been established in North America since 1993, where the Group generated sales of 264 million euros in 2023, or 35 % of its total sales.
