# DRT to acquire Pinova Inc. from Symrise for $150 million

Symrise AG and DRT have signed an agreement for DRT to acquire Pinova Inc., a manufacturer of specialty resins and chemical intermediates in Georgia, USA, for $150 million. Symrise and DRT will cooperate on product development and raw material supply.

- Type: Acquisition
- Announced: 2016-11-02
- Where: Brunswick, Georgia, United States
- Value: $150.0M
- Status: announced
- Products: specialty resins, polyterpene resins, sensory ingredients
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PINOVA](https://endata.com/companies/10143.md) (target)
- [DRT Holdings](https://endata.com/companies/11446.md) (acquirer)
- [Symrise](https://endata.com/companies/19518.md) (partner)

## Sources

- [symrise.com](https://www.symrise.com/newsroom/article/symrise-ag-and-drt-sign-agreement-regarding-the-acquisition-of-pinova-inc/), 2016-11-02: "DRT will acquire Pinova Inc. and its diversified portfolio of industry applications as well as its Brunswick manufacturing site from Symrise."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.