Frutarom aquires Muehlehof
Frutarom Industries Ltd., one of the world's largest companies in the field of flavors and natural specialty fine ingredients, continues its acquisition strategy and the implementation of its rapid and profitable growth by announcing that it has signed an agreement for the purchase of 100% of the shares of the Swiss company Muehlehof Gewuerze AG for approximately 7 million USD. The transaction was completed upon signing and financed through bank debt. Following the company the acquisition of Mühlehof is set to strengthen Frutarom’s leadership in Switzerland, allowing continued expansion and deepening activity across the country, while generating and exploiting synergies in the areas of R&D and sales.
According to the Muehlehof management reports, sales turnover for the last 12 months ( ending in June 2017) totaled around 3.4 million USD. The company founded in 1979 and engages in the development, production and marketing of savory taste solutions, including flavors, seasoning blends, marinades and functional ingredients for the food industry, with an emphasis on meats. Frutarom is a leading player in Switzerland in the field of flavors, including savory taste solutions and flavor extracts and products also containing fruit or vegetable or other natural components.