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Business

Frutarom makes it a dozen

by Marc S. Reisch
January 8, 2018 | APPEARED IN VOLUME 96, ISSUE 2

The acquisitive Israeli flavors and fragrances maker Frutarom Industries rounded out 2017 with the purchase of Brazil’s Bremil Indústria and Poland’s Fabryka Substancji Zapachowych Pollena-Aroma, its 11th and 12th acquisitions of the year. Frutarom paid $31 million for a 51% interest in the Brazilian firm, a maker of savory flavors that has annual sales of about $47 million. It paid nearly $9 millionfor the Polish company, a maker of ingredients for aromatherapy and cosmetics with annual sales of $5 million.

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