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Business
Frutarom Makes U.S. Acquisition
by Patricia L. Short
March 9, 2009
| A version of this story appeared in
Volume 87, Issue 10
Israeli flavors expert Frutarom Industries has agreed to acquire California-based Flavor Specialties Inc. for $17.2 million. FSI specializes in flavors and botanical extracts, primarily for the food and beverage industry. The acquisition implements Frutarom’s plan to strengthen its geographical presence in the U.S. The firm has production sites in the U.S., England, Switzerland, Germany, Israel, Denmark, China, and Turkey; it has about 1,500 employees worldwide.
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