Frutarom’s $7.1 billion acquisition, second largest in Israel’s history
December 10, 2018, 12:32 pm
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.
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