The transaction was completed upon signing.
SFL grew at a fast rate of 28% from a turnover of approximately US$5m over the 12 months ending on 30 September 2010, to turnover of approximately $6.6m for the same period ending in 2011.
Founded in 1999, SFL develops, manufactures and markets savoury taste solutions (the non-sweet taste spectrum), including mainly flavours, seasoning compounds, marinades and sauces, specialising in snacks and convenience foods.
SFL has a development, manufacturing and marketing site in the UK, and a wide customer base including food manufacturers and private labels manufacturers in the UK and in emerging markets.
SFL’s production site is located close to EAFI’s production site (acquired by Frutarom on 1 February 2011), which manufacturers savoury products as well.
The geographic proximity, along with the two companies’ complimentary product portfolio, will allow significant business synergies between SFL and Frutarom’s savoury activities throughout the world.
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