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Flavour manufacturer Natara Global has reached an agreement to acquire Treatt, a provider of natural extracts and ingredients, in an all-cash deal.

The transaction will bring together two manufacturers and their ‘highly complementary’ businesses, creating a new global ingredients platform in the flavour and fragrances sector.

This new partnership will leverage Natara’s expertise in speciality base aromas and Treatt’s capabilities in high-value natural ingredients. Together, the two companies aim to accelerate innovative solutions and provide customers with a broader product portfolio across key markets.

Significant strategic and operational benefits are expected to be realised through the deal, including a global salesforce and modern facilities to capitalise on opportunities not readily available to either company on a stand-alone basis.

Natara was acquired by UK and European private equity firm Exponent in 2023. Since then, Exponent has supported the company’s growth through investment in strengthening customer partnerships, its manufacturing and service capabilities, and its leadership team.

Yoram Knoop, CEO of Natara Global, said: “By combining with Treatt, we will be strongly positioned to continue our growth journey… Together, we can unlock the long-term growth within Treatt’s business by providing the required investment, additional operational expertise, and flexibility that comes with private ownership.”