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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Frutarom Buys U.K. Food Ingredients Firm
10:05 AM MST | January 28, 2011 | â€”NATASHA ALPEROWICZ
Frutarom Industries (Haifa, Israel) has signed an agreement to acquire British East Anglian Food Ingredients (Eafi; Clacton-on-Sea, U.K.) for $4.8 million. Eafi, founded in 1979, is expected to report 2010 sales of $8.4 million. It develops, manufactures, and markets flavors, seasoning compounds, and functional ingredients for the food industry, focusing on savory ingredients for convenience food, snacks, and processed meat and fish. Frutarom says the acquisition is in line with the companyâ€™s strategy and follows several recent similar...
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