Camlin Fine Sciences (CFS) has entered into an agreement to acquire 51 percent stake in Chinese chemical company Ningbo Wanglong Flavors and Fragrances Company Ltd (NWFFCL).
Incorporated in November 2015, NWFFCL is a part of proposed joint venture between CFS and Wanglong Group Company. NWFFCL is be engaged in research, development and manufacture of flavour and fragrance products (vanillin), import and export of goods and technologies. It sells its products directly to food manufacturers, distributors and to industrial customers globally.
“Wanglong's production facility is strategically located in China and utilises propriety processes and technology. NWFFCL possesses market knowledge, strong distribution channels, flexible