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Frutarom Buys U.K. Food Ingredients Firm; Plans More Acquisitions
11:33 AM MST | January 24, 2011 | Natasha Alperowicz
Frutarom Industries (Haifa) has signed an agreement to acquire the activity and assets of British East Anglian Food Ingredients (Eafi; Clacton-on-Sea, U.K.) for $4.8 million. Eafi, founded in 1979, is expected to report sales of $8.4 million for the 12 months ending December 2010. Frutarom expects the self-financed deal to be completed within the next few weeks. The U.K. company develops, manufactures and markets flavors, seasoning compounds and functional ingredients for the food industry, focusing on savory ingredients for convenience food, snacks, and...
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