Frutarom shareholders approve transaction with IFF by a majority of 94.6%

USA - International Flavors & Fragrances Inc. (IFF) and Frutarom Industries Ltd. Have announced that Frutarom shareholders voted to approve the proposed combination of Frutarom and IFF at the special general meeting of Frutarom shareholders. According to Frutarom, of the votes cast at the special general meeting, 94.6% percent were in favor of the proposed…

Frutarom announces the completion of Bremil transaction

ISRAEL – Frutarom, one of the world’s largest companies in the field of flavours and natural specialty, has announced the completion of the 51% acquisition of Bremil Industries, for approximately US$30 million. Bremil Industries is Brazil’s top producer of savory solutions and its partnership with Frutarom deepens and expands the penetration into the Latin America’s…

IFF enters a definitive agreement to acquire Frutarom for US$7.1bn

USA - International Flavors & Fragrances Inc. has announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. Frutarom makes natural colors, food ingredients, enzymes for customers including Unilever, Nestle and Coca…

Frutarom sales jump 18.8% on record year of sales driven by acquisitions

ISRAEL - Israeli flavours company Frutarom has published its performance for the 2017 with sales growing by 18.8% to a record US$1.4 billion buoyed by organic growth and successful acquisitions of companies around the world. The company reported an operating profit of US$211 million, up 41%, with its its EBITDA jumping 34% to US$257 million.…

Frutarom acquires 70% stake in Argentinean flavors company

USA -Israeli flavours companyFrutarom has acquired a 70% stake in the Argentinean flavor and fragrances company, Group Meroar for US$ 11.2 million deepening its expansion strategy into the Latin American market. According to the company, the remaining 30% stake will remain under the ownership of the original shareholders in Meroar. The purchase agreement includes an option…

Frutarom develops new SubSTAR Solutions for Salmon Oil Protection in Pet Foods

ISRAEL - Frutarom, Israeli-based flavor and fragrance company has debuted a new solution dubbed, SubSTAR Solutions for Salmon oil protection in pet food industry. Frutarom Food Protection Division has unveiled the new solution which plays a vital role in management of salmon oil oxidation. According to the company, the animal fats, vegetable oils and meals…

Frutarom invests US$6.16m in its new color formulation centre in Europe

EUROPE - Frutarom, Israel-based flavor and fragrance company has invested US$6.16 million in its newly opened natural color formulations facility at its Etol plant in Celie, Slovenia. The investment was designated to improve equipment and technology at the new facility, meant to serve 15,000 of Frutarom’s customers in Europe. Frutarom acquired the Slovenian manufacturer of…

Frutarom secures financing for Flavours & Essences

ISRAEL - Frutarom, a flavor and fragrance company based in Israel has secured a US$21.02 million loan from Bank Leumi for the acquisition of UK-based flavors company, Flavours & Essences (UK) Ltd. Flavours & Essences (UK) Ltd, founded in 1998 and in Blackburn, United Kingdom develops, manufactures, and distributes flavors and natural colors. In August 2017, Frutarom…

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…