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Frutarom acquires Florida citrus ingredients maker

1:24 PM MST | March 3, 2014 | —Rebecca Coons

Frutarom (Haifa, Israel) announced last week 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 2014–18. Frutarom says CitraSource’s capabilities across all ranges of citrus—orange, grapefruit, lemon, lime, and tangerine—will expand its natural ingredients portfolio. CitraSource’s worldwide sourcing network will also add to Furtarom’s leadership position in citrus specialty, an essential...

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