Markets :: Specialty Chemicals :: Flavors and fragrances
Frutarom acquires Florida citrus ingredients maker
10:17 AM MST | February 25, 2014 | Rebecca Coons
Frutarom (Haifa, Israel) announced today that it has acquired citrus specialty ingredients maker CitraSource (Winter Haven, FL) for $7.5 million plus an additional future payment conditional upon CitraSource's performance in 2014–2018. CitraSource's knowhow, expertise and capabilities across all ranges of citrus (orange, grapefruit, lemon, lime and tangerine) will expand Frutarom's natural ingredients portfolio and together with CitraSource's worldwide sourcing network will add to Furtarom's leadership position in the market of production and selling of...
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