Irish seasoning specialist Redbrook has been acquired by Israeli ingredients company Frutarom for $44.8 million. The Dublin-based company specialises in seasoning blends, marinades, glazes and cures for the meat and savoury food processing sectors. Redbrook takes Frutarom’s acquisition in 2016 to six, with previous buys including the Austrian firm Wiberg for $130 million, the US Grow Company for $20 million and the Germany-based Extrakt Chemie for $6 million. Commenting on …
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Frutarom
Israeli flavour and fragrance company Frutarom has announced that it has signed an agreement to acquire 100% of the shares of Austrian flavouring company Sagema and German company Wiberg for an approximate total of $130.4 million. The purchases, said to be Frutarom’s largest to date, follows a total of 12 acquisitions over the course of 2015. Wiberg is a flavouring firm within the savoury solutions sector that includes flavour extracts, …
Gama spoke to Ori Yehudai, President & CEO, Frutarom. What should manufacturers do to be successful in the current economic climate? I believe that in order to be successful in an ever more challenging economic environment, we must demonstrate creativity and flexibility when dealing with our customers and provide top-notch service. Being able to adapt and adjust to our customers’ needs and work with them in creating innovative but …
Due to expanding market share in the US and emerging economies, Frutarom is said to have seen “record” growth in 2013. According to Just Food, the Israel-based ingredients and flavour firm noted a 28.3% increase in underlying net profit which totalled $63.6m. Including a one-time expense, net profit finished at $63.6m. President and CEO of Frutarom, Ori Yehudai, spoke of the growth by saying: “2013 was another record year, during …
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