TorQuest completes $417M deal to sell Pinova to Symrise
January 11, 2016
TorQuest Partners has completed the $417 million sale of specialty chemical manufacturer Pinova Holdings to Symrise (ETR: SY1), a German supplier of flavors and fragrances. Pinova offers specialty chemicals manufactured from natural and renewable feedstocks, including flavor and fragrance ingredients. TorQuest had purchased the company in 2010 from Ashland (NYS: ASH).