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PR OFILE


should win the Top Sustainable Family Business Award. An award-winning signatory of the Global Compact since 2003, MANE set up a whistleblowing hotline in 2016 and created a group ethics committee, with members reporting directly to the chairman. In comparison to most of its larger competitors,


MANE relies for the most part on internal growth over acquisitions and prefers agile “stepwise mergers” while retaining financial independence. “This methodology of not spending the money


we do not have in our accounts has certainly to be adapted in a world where quantitative easing and derivatives have created a monetary mass that is used to acquire companies at insane multiples,” Mane says. “Our group has also been really frugal in its


pattern of dividends distribution, a real frustration to those who would like to see us embrace the mergers and acquisitions pathway at a higher pace or float a part of our capital. At the same time, it offers us the possibility to take risks in investing a large proportion of our EBITDA (earnings before interest, taxes, depreciation, and amortisation) in


24 CAMPDENFB.COM


new countries. We have often been pioneers, or in countries where there were very few established competitors, or in countries like China and India where it was a must to invest—given their growing population and GDP, and the emergence of a new class of wealthy consumers.” The group has been investing in conventional


biotechnology for the past 30 years and Mane feels they are harvesting the fruits of their ethical choices as regulations have changed and they had the talent to anticipate them. Now that the “natural” trend has gained momentum, the company has the capacity to ramp up production to meet the demand, he says. “New additions to our portfolio can be obtained


through modern biotechnology, but also by the addition of the competences within our latest Indian merger and new investment. These will complement our range of molecules which are antibacterial or antioxidant and open new avenues in the stable sourcing of


cosmetic actives from the diversity


of Indian agriculture. [It will also] create a new platform for the large-scale synthesis of a range of patented synthetic molecules.


Top: Mane’s daughter Samantha Mane is part of the fifth- generation group and serves as director of the Europe, Middle East and Africa region


ISSUE 74 | 2018


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