Ori Yehudai, Frutarom’s president and CEO, said: “The acquisition of Aromco fits our strategy of expanding and increasing our market share in developing regions with high growth rates.”
Aromco develops, manufactures and markets flavours for the beverage, dairy, confectionery, bakery and savoury markets with annual sales turnover achieving £7.7m in 2010.
Yehudai added: “Aromco’s activity in the UK market will be merged with Frutarom’s existing successful activity in which Frutarom is already considered a leading player. Frutarom will act to locate and to carry out additional strategic acquisitions of companies and activities in its chosen markets.”
Source: Frutarom
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