web analytics
November 27, 2015 / 15 Kislev, 5776
At a Glance
News & Views
Sponsored Post

Int’l Flavors to Buy Kibbutz Suppliers for $88 Million

JewishPress Logo

The U.S.-based International Flavors & Fragrances (IFF) firm is buying Aromor Flavors, half-owned by Kibbutz Givat Oz, which is located southeast of Haifa.

Former executives ion the Makhteshim phosphates and  chemical giant own the other half of Aromor, which manufactures and markets specialty ingredients that are used in fragrances and flavors.

“We expect Aromor, with its strong R&D capabilities, to provide us with cost-effective, quality materials to use in our formula creations and external sales,” IFF Chief Executive Officer Doug Tough said.

Aromor is a supplier for IFF, and both management teams have worked with each other for years.

Aromor was founded  in 1982 and  has approximately 90 employees, approximately 20 of whom are members of the kibbutz.

The purchase stipulates that the Kibbutz operation will remain at Givat Oz for at least 15 years.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Int’l Flavors to Buy Kibbutz Suppliers for $88 Million”

Comments are closed.

Current Top Story
IAF aircraft during exercises, 11-26-15
IAF Policy: No Downing of Russian Aircraft Penetrating Israeli Airspace

Printed from: http://www.jewishpress.com/news/breaking-news/intl-flavors-to-buy-kibbutz-suppliers-for-88-million/2014/01/16/

Scan this QR code to visit this page online: