Frutarom acquire US flavours firm F&J; its eighth acquisition this year

Frutarom to acquire US flavours firm F&J; its eighth acquisition this year

9:13 AM, 30th June 2015
Frutarom to acquire US flavours firm F&J; its eighth acquisition this year
Ori Yehudai, president and CEO, Frutarom Group. (File photo)

HERZLIYA, ISRAEL: Frutarom Industries Ltd said it continues to implement its rapid growth strategy and has acquired the 100 percent share capital of the US flavours company, Foote & Jenks for about $4 million.

Founded in the early 1980s, F&J develops, manufactures and markets flavour extracts for the pharma, food and beverages industries. The company has 10 employees, a production, R&D and marketing activities site in New Jersey and a broad customer base in North America. Sales turnover for F&J in 2014 amounted to approximately $2.9 million, Frutarom said.

Frutarom will look to fully capitalize on the many cross-selling opportunities arising from the acquisition and expanding the product portfolio offered to the company’s existing customer base.

“This is an acquisition of growing flavour activity, Frutarom’s most profitable core field. A major part of F&J sales is in pharma industry who demand advanced solutions for masking the aftertaste of active ingredients contained in their products and conformance with strict regulatory requirements. Frutarom already operating in this area, sees this as an attractive field along with its activity in the pharma and nutraceutical industries,” said Ori Yehudai, president and CEO, Frutarom Group.

“The acquisition of F&J is the eighth acquisition we are completing this year, reflective of our plan to expand in the US market. We will continue to implement our rapid and profitable growth strategy combining internal growth and strategic acquisitions,” added Yehudai.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Synthesis Energy Systems partners to expand gas plant in China; to make acetic, propionic acid

HOUSTON, US: Synthesis Energy Systems Inc (SES) said that it has entered a share purchase and investment agreement with Rui Feng Enterprises Ltd, a Br ...

Read more
Bluestar Silicones to invest €15 mn in elastomer production unit, France

LYON, FRANCE: Bluestar Silicones International said it will invest €15 million ($16.7 million) to develop and modernize its elastomer production ...

Read more
Connell Bros buys personal, healthcare ingredients distribution biz in India

MUMBAI, INDIA: Connell Brothers (CBC), a division of Wilbur-Ellis Company said it is continuing its expansion plans in Asia-Pacific with acquisition o ...

Read more
Merck KGaA to fully acquire Israeli quantum materials co Qlight Nanotech

DARMSTADT, GERMANY/TEL AVIV, ISRAEL: Merck KGaA said that it is acquiring the remaining stake in Qlight Nanotech Ltd, Jerusalem, Israel, and will hold ...

Read more
BASF to lift ethylene oxide plant force majeure on 10 July

LUDWIGSHAFEN, GERMANY: BASF SE said it will lift force majeure declared on 21 May for ethylene oxide (EO)-based products produced in Europe in the por ...

Read more
Eyes go red, stingy after swimming because of urine, not chlorine

LONDON, UK: The red, bloodshot eyes that people get after being in a swimming pool aren’t caused by chlorine, as thought - but by what happens w ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X