Frutarom acquire Savoury Flavours

Frutarom to acquire Savoury Flavours

3:40 AM, 6th January 2012
Frutarom to acquire Savoury Flavours
Ori Yehudai, President and Chief Executive Officer, Frutarom.

NEW JERSEY, US: Frutarom Industries Ltd has signed an agreement for the acquisition of the British company Savoury Flavours Ltd (SFL) and its subsidiaries, in return for the amount of approximately $5.88 million. SFL grew at a fast rate of 28 per cent from a turnover of approximately $5 million over the twelve months ending on September 30, 2010, to turnover of approximately $6.6 million for the same period ending in 2011.

“After five acquisitions completed in 2011, Frutarom is opening 2012 with an additional acquisition, which continues to strengthen its activities in the savoury segment in Europe and in developing markets. This is an additional step towards strengthening Frutarom’s position in the UK market. We intend to continue to invest in the substantial expansion of our activities in the savoury segment in additional destinations throughout the world, including further acquisitions. Mark Towler, Managing Director and Founder of SFL will continue to manage the business,” said Ori Yehudai, President and Chief Executive Officer, Frutarom.

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