Biotech company Natraceutical Group and natural ingredient company Naturex have announced that they will merge.

The Spanish multinational will be incorporated into the business arm of the French supplier of flavour, food supplements, pharmaceutical and cosmetic ingredients Naturex.

The merger will provide the company with production sites in France, Italy, Spain, Switzerland and the UK, the US, Morocco, Australia and Brazil following the merger and will operate under Naturex management, headed by Jacques Dikansky, chairman and CEO of the company.

According to the companies the deal will allow Natraceutical Group to focus its efforts in the development of its nutritional supplements division in Europe, which the company markets exclusively in pharmacies under the brand name Forté Pharma.

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By GlobalData