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Markets :: Specialty Chemicals :: Flavors and fragrances

Frutarom Buys Two German Flavors and Fragrances Firms

1:00 PM MDT | October 22, 2007 | Erri Walsh

Frutarom Industries (Haifa, Israel) says it has signed an agreement to acquire flavors and fragrances producer Gewurzmuller (Stuttgart, Germany) and starter cultures maker Blessing Biotech (Stuttgart) for a combined total of $67 million. The deals will strengthen Frutarom’s savory flavors and seasonings products for meets and other processed foods, Frutarom says. They are also Frutarom’s latest in a string of deals done this year. Adding spice: Deals build on seasoning line. Gewurzmuller and Blessing Biotech have combined sales of $65 million, and...

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