web analytics
April 20, 2014 / 20 Nisan, 5774
At a Glance

Posts Tagged ‘flavors’

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

Thursday, January 16th, 2014

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.

Israel’s Frutarom buys US Flavors Company Hagelin for $52 Million

Thursday, December 12th, 2013

Israel’s Frutarom flavor technology company’s appetite continues to grow with the announcement Thursday of the purchase of the American flavor company Hagelin and its affiliate NRC Operating Company for $52 million.

It is Frutarom’s third buy-out of a foreign company in a month and counters the trend of American companies purchasing Israel high-rech startups.

Frutarom recently bought Russia’s Protein Technologies, a savory and seasoning compounds company,  and Guatemala’s Aroma.

The Israeli firm said that the purchase of Hagelin will help expand its product line and introduce advanced technology to its operations.

Hagelin’s markets extend form the United States to Britain Central and South American, and Africa.

Printed from: http://www.jewishpress.com/news/breaking-news/israels-frutarom-buys-us-flavors-company-hagelin-for-52-million/2013/12/12/

Scan this QR code to visit this page online: