December 10, 2018, Updated December 26, 2018
Frutarom offers 31,000 different products to 30,000 industrial customers in 160 countries. Photo courtesy of Frutarom
In May, Israel’s Frutarom was purchased for $7.1 billion by US firm International Flavors & Fragrances (IFF), making it the second largest purchase of an Israeli company after Intel’s $15 billion acquisition of Mobileye in 2017. Frutarom, which makes flavors and fragrances for the food, beverage and pharmaceutical industries, was one of two large buy-outs in 2018.
In August, beverage and snack giant PepsiCo purchased Israeli company SodaStream for $3.2 billion. SodaStream makes home beverage carbonation systems sold in 46 countries.
Fighting for Israel's truth
We cover what makes life in Israel so special — it's people. A non-profit organization, ISRAEL21c's team of journalists are committed to telling stories that humanize Israelis and show their positive impact on our world. You can bring these stories to life by making a donation of $6/month.
