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Markets :: Specialty Chemicals :: Flavors and fragrances
Frutarom acquires South African flavor company
12:53 AM MDT | May 2, 2013 | Deepti Ramesh
Frutarom Industries (Haifa, Israel) says it has signed an agreement to acquire South African flavor company JannDeRee (Johannesburg) for $5.2 million. The transaction was completed at the time of signing. JannDeRee, founded in 1993, develops, manufactures, and markets flavors with an emphasis on savory flavors and sweet flavor solutions, and the company recorded sales of about $5 million in 2012. JannDeRee, which has been growing rapidly over the last few years, has an R&D, production and marketing site at Johannesburg, located adjacent to Frutarom's South...
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