AFYREN and ENNOLYS by Lesaffre Announce the Signing of an Agreement for the Distribution of AFYREN NEOXY Natural Acids in the Strategic Flavors and Fragrances Market
02 Dezember 2021 - 6:00PM
Business Wire
- ENNOLYS by Lesaffre will be the exclusive distributor of the
products to major European manufacturers in this very promising
market
- The agreement covers all seven biobased acids in the AFYREN
NEOXY product range
- The flavors and fragrances market is growing at an estimated
annual rate of more than 4% and is actively seeking biobased
products
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company that offers
manufacturers natural, low-carbon products created with technology
based on natural micro-organisms, and ENNOLYS, business unit
of LESAFFRE that specializes in fermentation and offers a
wide range of natural flavor molecules including vanillin,
announced an agreement for the exclusive distribution in the
European flavors and fragrances market of the AFYREN NEOXY range of
seven biobased acids.
Under the agreement, ENNOLYS will market AFYREN NEOXY products
to its existing customer portfolio, which includes a large number
of players in the European flavors and fragrances market. ENNOLYS
will also provide the necessary services for the proper use of the
biobased acids in the production processes of these major
industrial customers.
Flavors and fragrances: a market with great potential
The agreement signed between ENNOLYS and AFYREN aims to
accelerate the penetration of the AFYREN NEOXY range in the flavors
and fragrances market, which is experiencing sustained growth.
Strong demand in the sector for natural, locally manufactured
aromatic molecules presents opportunities for attractive commercial
positioning. The companies in this market have been trailblazers in
the adoption of natural ingredients in their manufacturing
processes, and they remain strongly focused on naturality. As a
result, flavorists and perfumers have particularly demanding
specifications regarding the quality and origin of ingredients and
related services. With this agreement, AFYREN will be able to
capitalize on its innovative and GMO-free technology while relying
on a distributor with recognized expertise.
AFYREN and ENNOLYS: a partnership strengthened by shared
values
As a LESAFFRE business unit with nearly 30 years of expertise in
fermentation, ENNOLYS has developed sales with players in the
aromatic and food sectors in more than 25 countries. Its long
experience in the development of natural aromatic molecules through
fermentation offers significant synergies with AFYREN's business,
particularly in meeting the specific needs of customers in the
flavors and fragrances market.
ENNOLYS and AFYREN share a strong commitment to naturality, as
well as a steady focus on customer satisfaction and innovation.
"This distribution partnership between 2 ambitious French
companies demonstrates the will of both parties to offer their
customers quality natural ingredients while guaranteeing the French
origin of these natural acids," said Bernard AZAÏS, CEO of
ENNOLYS. " ENNOLYS, a recognized player in the market, is going
to work alongside AFYREN in developing sales of natural acids in
the rapidly evolving aromatic market."
Nicolas SORDET, AFYREN'S CEO, said: "The agreement signed
with ENNOLYS is a new milestone along AFYREN's journey toward
becoming a major industrial player in the production of biobased
ingredients. Bolstered by a partnership with a group whose skills
are recognized, AFYREN is taking a position in a growing market
where sustainable development issues have become essential, and
where it will be able to make the most of the innovative, natural
and low-carbon qualities of its products. Everything is now in
place for AFYREN's biobased solutions to become a must-have for
leading perfumers and flavorists."
About AFYREN
Founded in 2012 to meet the growing need of industries to reduce
the use of petroleum derivatives in their production chain, AFYREN
produces biomolecules derived from the reuse of non-food biomass.
These ingredients are widely used in human and animal nutrition,
flavors and fragrances, cosmetics, and fine chemicals. This
production of renewable carbon, which is firmly grounded in the
circular economy, uses fermentation technologies that are the
result of 10 years of research and are patented worldwide. AFYREN
is a winner of the 2030 Global Innovation Contest in the "Plant
proteins and plant chemistry" category and was selected in the
French Tech 120 in 2020 and 2021. In 2018, AFYREN committed to its
industrial project by creating the AFYREN NEOXY joint venture with
Bpifrance’s SPI fund. The AFYREN NEOXY plant under construction in
the Grand Est region will produce AFYREN organic acids in 2022.
AFYREN and AFYREN NEOXY employ more than 70 people at their sites
in Lyon, Clermont-Ferrand and Carling Saint-Avold. In 2021, AFYREN
listed on Euronext Growth® exchange in Paris, raising a total
amount of 70.4 million euros with the objective of accelerating its
industrial development (Afyren's ISIN: FR0014005AC9, ticker:
ALAFY).
For more information: afyren.com
About ENNOLYS
Ennolys uses advances in biotechnology to serve aromaticians and
manufacturers of food, perfumes and nutraceuticals. The company, a
unit of Lesaffre, develops products and services through its
fermentation expertise. Ennolys develops a wide range of natural
aromatic molecules, including vanillin. Its extremely flexible
industrial tools also guarantee custom fermentation of a wide range
of natural ingredients and ensure their post-processing. 100
employees worldwide are committed to the natural approach, customer
satisfaction and innovation.
For more information: www.ennolys.com
About LESAFFRE
A key global player in fermentation for more than a century,
Lesaffre, with a 2,2 billion euro turnover, and established on all
continents, counts 10,700 employees and more than 85 nationalities.
On the strength of this experience and diversity, we work with
customers, partners and researchers to find ever more relevant
answers to the needs of food, health, naturalness and respect for
our environment. Thus, every day, we explore and reveal the
infinite potential of microorganisms.
To nourish 9 billion people, in a healthy way, in 2050 by making
the most of our planet’s resources is a major and unprecedented
issue. We believe that fermentation is one of the most promising
answers to this challenge.
For more information: www.lesaffre.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211202005722/en/
AFYREN : Investors : investisseurs@afyren.com ; Press :
James Connell - Bogert-Magnier Communications (+33 6 2152 1755);
jim@bogert-magnier.com
ENNOLYS: Sales : contact@ennolys.lesaffre.com ;
Press : Valérie Lassalle et Chloé Bencivengo – WELLCOM –Tél.
+33 (0)1 46 34 60 60 – lesaffre@wellcom.fr
LESAFFRE : Valérie Lassalle et Chloé Bencivengo – WELLCOM
–Tél. +33 (0)1 46 34 60 60 – lesaffre@wellcom.fr
Afyren (EU:ALAFY)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Afyren (EU:ALAFY)
Historical Stock Chart
Von Apr 2023 bis Apr 2024