Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Frutarom’s fifth acquisition in 2016, buys German partnership Extrakt Chemie

frutarom LOGO

Israeli flavors and natural specialist, Frutarom Industries Ltd., has acquired 100 percent of the German partnership Extrakt Chemie Dr. Bruno Stellmach GmbH &Co. KG,  as well as the property on which Extrakt Chemie’s plant is situated in exchange for approximately USD 6 million in cash (approx. € 5.3 million) plus the assumption of debt (net) amounting to approx. USD 2.2 million (approx. € 2 million).

Frutarom is one of the world’s 10 largest companies in the field of flavors and natural specialty fine ingredients, continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy with the fifth acquisition in 2016.

Revenues of Extrakt Chemie for the fiscal year ended February 2016 amounted to approx. USD 10 million (approx. € 9 million). The purchase agreement includes a mechanism for future consideration conditional on the business performance of Extrakt Chemie during 2016 and 2017. The transaction was independently financed.

 

READ MORE: Frutarom

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

Boosted by a string of worldwide acquisitions, Israeli flavors and fine ingredients company Frutarom Industries Ltd.  sees 2016 revenue reaching $1 billion for the first time.The company reported its fourth More…

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

Frutarom Industries Ltd. has bought 100 percent of the shares of US-based Grow Company Inc. for $20 million. The purchase agreement includes a mechanism for future consideration conditional on the company’s More…

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

Frutarom Industries Ltd., one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients, has acquired Austrian flavors maker Wiberg for €119 million ($130.4 million). More…

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

Israeli Frutarom Industries Ltd.,  one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients, has acquired Hong Kong based companies Inventive Technology Ltd. and Prowin More…

 

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement