ISRAEL > USA based International Flavors & Fragrances Inc. is set to acquire Israel based Frutarom for $7.1 billion

IFF logo   International Flavors & Fragrances Inc.(IFF) and Frutarom have entered into a definite agreement under which IFF will acquire Frutarom in a cash and stock transaction for approximately $7.1 billion including the assumption of Frutarom’s net debt. Unanimously approved by the Board of Directors of both companies, Frutarom’s shareholder will receive $71.19 in cash and 0.249 of a share of More …

RUSSIA > Israel’s Frutarom Industries becomes sole owner of PTI after acquiring remaining 25% of the company for $40MN

Frutarom-Logo-sent Israel based flavor company, Frutarom Industries becomes sole owner of Russia based Protein Technologies Ingredients (PTI) after exercising its clause to take remaining 25% of the company. But 25% of the company came with hefty sum of $40 million while 75% of the company was acquires for $50 million back in 2013. PTI currently has one R&D and marketing centers More …