Seventh acquisition by Frutarom This Year: The Australian Company Taura Natural

Attached is a photo of Ori Yehudai,   President and CEO of Frutarom Group (Photo by Adi Lam)

Frutarom Industries Ltd. continues implementing its rapid growth strategy, which made it one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients. This time Frutarom  acquired 100% of the share capital of the Australian company Taura Natural Ingredients Holding Ltd. in exchange for a cash payment of approximately US$ 70 million.

Taura was purchased without any debts and holding cash amounting to approximately US$ 2.5 million. The purchase agreement includes payment of an additional amount of approximately US$ 3.5 million conditional on Taura’s business performance over the 12 month period ending June 30, 2016. The transaction will be financed using bank credit.

Taura was founded in 1973 as part of a New Zealand agricultural co-operative. Today Taura has evolved into a world leading player in concentrated and texturized fruit ingredients with manufacturing facilities in New Zealand and Belgium along with sales offices in the United States and in the UK, with an overall workforce totaling 130 employees.

Taura engages in a wide range of food products, particularly healthy snacks, breakfast cereals, confectionery, convenience foods and baked goods, using only natural ingredients for flavors, colors, more natural foods that are lower in sugar and calories.

Taura’s sales over the 12 months ending March 31, 2015 reached approximately US$ 40 million. Taura has a broad customer base that includes leading global and national food and beverage makers in the United States, the Asia-Pacific region and Europe.

Ori Yehudai,   President and CEO of Frutarom Group

Frutarom’s Second Acquisition in a Week: Buys Canadian Savory Flavor Maker for $35 Million

Israel based Frutarom Industries Ltd. become one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients by implementing its rapid growth strategy. Today the company announced More…

frutarom LOGO

By Jewish Business News Correspondent On Thursday, May 14th, 2015

Frutarom Acquires Indian Flavors Sonarome

The fourth acquisition this year makes Israeli Frutarom one of world’s 10 largest companies in the field of flavors and specialty fine ingredients. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF),  More…

Frutarom

By Jewish Business News On Wednesday, March 18th, 2015

Israel’s Frutarom Acquires Belgian Flavors Company Taiga

Frutarom Industries Ltd., continues it shopping a spry implementing its rapid growth strategy, and announces today that it has acquired 100% of the share capital of the Belgian flavors company Taiga International More…

Ori Yehudai,   President and CEO of Frutarom Group

By Jewish Business News Correspondent On Tuesday, February 3rd, 2015

Frutarom’s Nineth Acquisition in Two Years: Acquires Two European Companies for More Than $10 Million

World’s top 10 companies for flavors and specialty fine ingredients, the Israeli Frutarom Industries Ltd. (OTCBB:FRUTF) (TASE:FRUT), continues to implement its rapid growth strategy by acquiring the More…

Read more about: , , , , , , , , , , ,

Wordpress site Developed by Fixing WordPress Problems