ONE of the country's leading manufacturers of fragrances and agricultural chemicals has been bought out.
Close Brothers Private Equity and International Flavours and Fragrances announced this week it has acquired the Bush Boake Allen site in Widnes, which will be run independently and owned under the name Aroma and Fine Chemicals.
A company spokeswoman said no jobs would be lost and the 80-strong workforce would be secure.
While the Dans Road operation will focus mainly on its traditional core activities of fragrance and agrochemical manufacture, sights have been set on niche markets.
The company's new managing director, Steven Pipe, said: 'In our new self-propelled role we will be well placed to exploit the excellent skills of our workforce, our flexible high-tech manufacturing plant and the global market for our products.
'Our principal product range will remain organic chemicals for the manufacture of fragrances.
'The market is huge, involving everything from washing powders to personal deodorants and air fresheners to designer fragrances, and that is the marketplace in which Aroma and Fine Chemicals will develop its future.
'We are a strong team proud of our achievements in the past and as A&FC we are determined to build a future that matches up to the expectations of everyone who works here at the Widnes site.'
Iain Slater, of Close Brothers Private Equity, said: 'Close Brothers is investing in an established business with a strong position in the international fragrance market.
'Steven Pipe and his management team are leading a highly skilled and enthusiastic workforce and we look forward to developing A&FC's core business and expanding into new niche markets.'