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Germany's Symrise eyeing food tech start-ups in Americas, Asia: CEO

CEO of Germany Symrise AG, Heinz-Jurgen Bertram, poses in front of new Center of Excellence in Granja Viana, 40 km (25 miles) south of Sao P
CEO of Germany Symrise AG, Heinz-Jurgen Bertram, poses in front of new Center of Excellence in Granja Viana, 40 km (25 miles) south of Sao P

FRANKFURT (Reuters) - German flavour and scent maker Symrise is focusing its acquisition strategy on food technology start-ups in the Americas, Asia and in emerging markets - a particular target for sales growth, its chief executive told a German newspaper.

"We are focusing on smaller additions, for instance of start-ups with good technology," Welt am Sonntag quoted Heinz-Juergen Bertram as saying in an interview due out on Sunday.

As part of its diversification into nutritional supplements, Symrise bought a 12 percent stake in Sweden's probiotics manufacturer Probi and a minority stake in Swedish food ingredient developer Indevex Biotech.

Symrise aims to boost the proportion of sales from developing economies - the industry's fastest growing market - to about two thirds by 2020 from 50 percent now, he said. Group revenues were 1.7 billion euros ($2.3 billion) last year.

In the $20 billion fragrance and flavour market, Symrise ranks fourth after Givaudan , IFF and unlisted Firmenich. It sells cosmetic ingredients and scents that go into creams, shampoos and detergents made by groups such as Unilever , Procter & Gamble and Colgate-Palmolive .

(Reporting by Maria Sheahan; Editing by Louise Ireland)

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