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Frutarom buys Extrakt Chemie in Germany; its fifth acquisition this year

HERZLIYA, ISRAEL: Frutarom Industries Ltd has acquired 100 percent stake in German’s natural specialty ingredient extract company Extrakt Chemie Dr Bruno Stellmach GmbH & Co KG (Extrakt Chemie), including the property on which Extrakt Chemie’s plant is situated for approx $6 million in cash plus the assumption of debt (net) amounting to approx $2.2 million. Revenues of Extrakt Chemie for the fiscal year ended February 2016 amounted to approx $10 million. Extrakt Chemie’s ...

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