Iranex unites Bio Serae and CNI to form Nexira

Iranex Group-owned French suppliers Bio Serae Laboratoires and Colloïdes Naturels International (CNI) will from November 7 be known as Nexira as the two groups refine their focus on botanical extracts and added value ingredients.

Iranex bought Bio Serae in 2008 and projected its new entity will increase revenue from the present €83m to €120m by 2015.

Bio Serae offerings include cactus extract Cacti-Nea while the CNI stable includes Fibregum and Equacia.