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Business

Flavor Companies Get Acquisitive

by Michael McCoy
December 2, 2013 | A version of this story appeared in Volume 91, Issue 48

Two flavor and fragrance companies have made acquisitions. Frutarom Industries has acquired the Guatemalan flavor company Aroma for $12.5 million. Aroma, which serves food and beverage makers throughout Central America, represents Frutarom’s third acquisition this year in developing markets. Wild Flavors, meanwhile, has acquired Alfrebro, an Ohio-based manufacturer of natural extracts and aroma chemicals.

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