In 2023, the group restructured under the new holding, branded as Arethia, with Hertz Flavors, and FLAVORIQ operating as product divisions focusing on their specific end markets in the Inhalation and Functional additive space. The concept was simple: concentration of knowledge and resources, while maintaining clear focus and dedication to the specific end markets.
In parallel, the group expanded its activities by adding Senovia as a new brand product division to service the Food & Beverage industry. In late 2023, the new centre of excellence for the development of flavours for food and beverage applications was open in Zurich, Switzerland, focusing on the specific needs and requirements of the various applications in this industries. Simultaneously, a new innovation centre in Dubai was inaugurated, preparing the path for a soft opening in the same year.