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 …