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 each in Moscow and two production sites near Moscow. It sells its products through 25 distribution centers in Russia.

 

About PTIUntitled

Protein Technology Ingredients (PTI) was founded in 1996 and is headquartered in Moscow, Russia. PTI engages in the development, production and marketing of savory taste solutions, including flavor extracts, seasoning blends and functional ingredients for the food industry, with special emphasis on processed meats and convenience foods.

PTI currently has one R&D and marketing centers each in Moscow and two production sites near Moscow. It sells its products through 25 distribution centers in Russia.

 

About Frutarom

Frutarom Industries is a flavor and fragrance company based in Haifa, Israel. It was established by Yehuda Araten and Maurice Gerzon in 1933.

The company develop, manufacture and market variety of flavors and ingredients catered to customers in a range of industries: food, beverage, flavor, fragrance, pharmaceutical, nutraceutical, food additive, and cosmetic. Frutarom’s some 20,000 products are sold to more than 10,000 customers, in 120 countries around the world.