Pinova Holdings, Inc. is a global leader in the production and marketing of specialty chemicals derived from natural, renewable resources. With two complementary operating businesses, Pinova, Inc. and Renessenz LLC, Pinova Holdings provides specialty products to leading global customers across a wide range of end markets. Pinova Holdings' business units share a corporate culture that values integrity, safety, customer service, and operational excellence.
Pinova, Inc. is a leading supplier of wood and gum rosin and polyterpene resin specialty chemicals derived from natural and renewable raw materials, including pine trees and citrus fruit peels. Located in Brunswick, Georgia, in the heart of the pine forests of the southeastern US, Pinova produces rosin and terpene resins that are used globally in a wide range of specialty applications in food and beverages, specialty adhesives, construction and agricultural products.
Renessenz LLC is a leading producer of flavor and fragrance ingredients derived from natural, renewable raw materials. Renessenz (formerly known as LyondellBasell Flavors & Fragrances) manufactures terpene-based ingredients that are used by global consumer goods companies and flavor and fragrance formulators as building blocks in thousands of consumer products worldwide. Renessenz is headquartered in Jacksonville, Florida, with manufacturing operations in Jacksonville and Brunswick, Georgia.
TorQuest acquired Pinova from Ashland Inc. in January 2010. Our decision to invest in Pinova was based on its unique wood rosin product portfolio, its strong past performance and proven track record of developing innovative and industry leading products, its unparalleled customer service, its exceptional management team, and a diverse customer base comprised of global leaders in their respective industries. Since acquiring Pinova, we have made significant investments in people and in the manufacturing facilities to support the future growth and development of the business.
Recognizing the considerable growth opportunities that exist in the production and marketing of specialty chemicals derived from natural, renewable resources, TorQuest established Pinova Holdings in 2010 to facilitate and integrate future acquisitions. In December 2010, Pinova Holdings acquired Renessenz from LyondellBasell Industries. Our decision to invest in Renessenz was based on the company's strong market position in flavor and fragrance ingredients, its unique chemistry and processing capabilities, its talented and knowledgeable management team, and its strong long-term customer relationships with global leaders in the flavor and fragrance and consumer goods markets. As with our investment in Pinova, Inc., we believe that Renessenz will thrive under focused ownership that is committed to investing in the business and its people to support the growth of the business. The acquisition of Renessenz by Pinova Holdings is an important step in our strategy of building a world-leading natural specialty chemical business.
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