Naturex, S.A. (Avignon, France) and Pure World, Inc. (Bedminster, N.J.) jointly announced June 7 that they have entered into a definitive agreement for Naturex, S.A. to acquire Pure World, Inc. for U.S. $4.30 per share in cash, or approximately U.S. $36.8 million.Upon completion of the transaction, expected in late July, Pure World will become a wholly-owned subsidiary of Naturex, S.A. Pure World develops, manufactures and sells botanical extracts which are used by the cosmetic, food, flavor, nutraceutical and pharmaceutical industries to manufacture finished products for the consumer market.Jacques Dikansky, president and CEO of Naturex, remarked: We believe that the combination of Pure World, Inc. with our group of companies will further enhance our collective efforts to become a leading player in the botanical extracts and natural ingredients markets.Paul Koether, chairman of Pure World, Inc., commented: Combining Pure World, Inc. with Naturex, S.A. will enhance the combined companies ability to pursue their strategic objectives and growth strategy.Dr. Qun Yi Zheng, currently president and chief operating officer of Pure World, Inc., said: I am delighted with the combination of Pure World and Naturex and look forward to working with Naturex to continue to build our business.
