Robertet SA

37 Avenue Sidi Brahim 06130 Grasse – France

Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

Robertet is pleased to announce the acquisition of a majority stake of Astier Demarest. Astier Demarest is a family business founded in 1880 in Grasse specialized in the sourcing and distribution of raw materials for perfumery, cosmetics, aromatherapy and food flavouring sectors. This investment reaffirms the Group's determination to remain the world leader in aromatic ingredients and strengthens our competitive edge in sustainable sourcing of Natural products with a reinforced presence at the source on strategic products for our industry.

François and Bruno Destoumieux will remain as leaders of the company with the support of the Group to develop sustainably sourced ingredients and enlarge their distribution with Robertet's range of natural and organic products.

« We are proud to welcome Astier Demarest into the Robertet family and we look forward to combining the strengths of both organizations to better fit the growing needs of traceability and transparence. This acquisition will help consolidate our leadership in Natural ingredients and develop ambitious projects for the future. »

Julien Maubert,

Director Raw Materials Division, Robertet

« Astier Demarest is excited to begin the next chapter of its history as a part of Robertet Group. The complementary nature of this combination is evident in the family-owned and operated nature of our companies but also in our shared vision of a strongly integrated and sustainable sourcing of natural ingredients. »

François Destoumieux,

President, Astier Demarest

About Robertet :

ROBERTET S.A. was founded in 1850 in Grasse, France and is the worldwide leader in Naturals. Robertet is the only fragrance, flavor and ingredient company fully integrated at each step of the creation process – from the source ingredient to the final product. Today, Robertet is represented in over 50 countries and has approximatively 2 000 employees worldwide.

Visit www.robertet.com for further details.

About Astier Demarest :

Astier Demarest was established in 1880 in Grasse and expanded over the in the sourcing and distribution of raw materials for the sectors of perfumery, cosmetics, aromatherapy and food flavouring. Astier Demarest developed a historical network of suppliers and partners to assure a high level of quality and traceability at every step of the supply chain.

Visit www.astierdemarest.com for further details.

Robertet SA

37 Avenue Sidi Brahim 06130 Grasse – France

Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

26 May 2021

Robertet is pleased to announce that they have acquired Ecom Food Industries of Toronto, Canada. Ecom is a North American based leader and manufacturer of specialty natural flavors and extracts. Ecom is focused on providing all-natural products and value-added services to the food and beverage, health, nutraceutical and cosmetic industries.

“The Ecom client and product portfolio perfectly complements Robertet's own and we look forward to combining the strengths of both organizations to better serve consumer needs. Our DNA is a product line consistent with all natural, botanically sourced ingredients and value added products to suit consumer needs. Ecom fits perfectly within this strategy and we look forward to welcoming Ecom into the Robertet family.” – Philippe Maubert, Chairman, Robertet Groupe.

“Ecom is excited to begin the next chapter of its history as a part of the Robertet Group and its more than 170-year history in this industry as one of its pillars. The complementary nature of this combination is evident in the family-owned and operated nature or our companies.” – David Soknacki, Founder, Ecom Food Industries.

About Robertet

ROBERTET S.A. was founded in 1850 in Grasse, France and is the worldwide leader in Naturals. Robertet is the only fragrance, flavor and ingredient company fully integrated at each step of the creation process – from the source ingredient to the final fragrance and flavor. Today, Robertet is represented in over 50 countries and has approximately 2,030 employees worldwide.

Visit www.robertet.com for more details.

About Ecom Food Industries

Ecom Food Industries was established in 1986 with an expansion into botanical extraction and various specialty blends over the years. Additional product lines in antioxidants, natural flavors and the health and beauty arena complement these businesses. With 35 employees, Ecom is based in Toronto, Canada.

Visit www.ecomfoods.com for more details.

Conexus Capital Advisors (www.conexus-ca.com) initiated the transaction and assisted in the negotiations.