Spanish firm Iberchem Group has completed the acquisition of two flavour companies, Flavor Inn Corporation and Nanchang Duomei Bio-Tech (Duomei).

None of the parties involved has divulged any financial details.

Iberchem Group CEO Ramón Fernández said: “We are pleased to welcome Duomei and Flavor Inn within the Scentium family.

“This announcement represents another key step in the strategic expansion of Scentium (the flavour division of the Iberchem Group) in Asia, and also in the roll-out of our M&A strategy at a Group level.”

based in Malaysia, Flavor Inn has manufactured flavours for customers in the South-East Asian region since 1996.

Its portfolio includes natural and artificial flavours used in confectionery, savoury, bakery, dairy and beverage products.

Duomei based in Nanchang, China, has an established presence in the Chinese flavours industry.

Fernández added: “We are confident that both companies will add value and expertise to our existing Flavour offer in China and South East Asia.

“Both Duomei and Flavor Inn share Scentium’s customer-centric culture and values. We are expecting a smooth integration of their activity into our organization in the upcoming year.”

The acquisition forms part of Iberchem’s merger and acquisition strategy, initiated last year with the purchase of South Africa’s Versachem.

Iberchem has released financial results for the full year ended 31 December 2019. It reported net revenues of €174m, a net increase of 19%.

In October 2018, Iberchem Group opened a production facility in Bangkok, Thailand. The new facility included a creative centre, a production plant and a commercial office.