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Business
Frutarom nabs ingredient maker
by Marc S. Reisch
February 12, 2018
| A version of this story appeared in
Volume 96, Issue 7
The Israeli flavors maker Frutarom has increased its penetration into the cosmetic ingredient and dietary supplements market with the purchase of Israeli Biotechnology Research for $21 million. Frutarom made 12 acquisitions last year. With IBR it gains a business based on plant and algae extracts with annual sales of more than $7 million and 30 employees. Frutarom says the latest deal advances its strategy to be “the preferred partner for tasty and healthy success.”
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