Frutarom reports 19.6% increase in Q3 sales, ups 2020 targets

ISRAEL - Frutarom, a flavors and fragrances specialist, has posted third-quarter earnings which show 19.6% sales increase to a record US$358.8 million in, prompting the company to raise its 2020 sales target to US$2.25 billion. According to the company, there was a constant currency pro-forma growth of 6%, while the sales from core activities grew…

Frutarom to acquire iron delivery technology from Spanish firm

ISRAEL – Frutarom, a flavor and fragrance company, has signed an agreement with Spanish biotech company AB-Biotics to acquire its iron deficiency ingredient AB-Fortis. AB-Fortis is a patent-protected micro-encapsulation technology that enables delivery of iron with increased biological absorption, while avoiding the side effects of metallic taste and digestive problems. According to the company, this…

Frutarom takes full ownership of specialty nutrition company Enzymotec

ISRAEL – Frutarom, one of the world's 10 largest companies in the field of flavors and natural specialty fine ingredients, has announced that it has taken full ownership of the special nutrition company Enzymotec for US$210 million. Enzymotec’s acquisition is the company’s ninth acquisition this year and 28th in the last two years. It follows…