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Markets :: Specialty Chemicals :: Flavors and fragrances
Frutarom acquires Guatemalan flavors company
5:43 AM MST | November 25, 2013 | Deepti Ramesh
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it has acquired Guatemalan flavors company Aroma SA, held by pharmaceutical company International Aroma Corp., for $12.5 million. Aroma, which was established in 1990, is engaged in the development, manufacture and marketing of flavors, mainly for beverages, dairy products, confectionery, snacks and convenience food. The company employs 57 people and has a production, development and marketing site at Guatemala City. Aroma's customer base includes leading global food and beverage...
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