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Acquisitions help lift Frutarom's revenues and earnings
7:56 AM MDT | August 20, 2014 | Natasha Alperowicz
Frutarom (Haifa, Israel), a producer of flavors and fragrances, today reported second-quarter net income rose 44.5%, to $25.5 million, on 29% higher sales of $218.1 million. Ebitda was 33.5% higher, at $43.4 million. The flavors segment reports sales of $156.7 million, up from $125.1 million in the year-earlier quarter, while fine ingredients had sales of $42.6 million, 13% up on the second quarter of 2013. Much of the increase in revenue came from the five acquisitions the company made in 2013 and this year, including those of JannDeRee in South Africa, PTI in...
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