Frutarom to acquire Jupiter Flavors

by Staff
Share This:

HAIFA, ISRAEL — Frutarom Industries Ltd. has signed an agreement to acquire 100% share capital in Jupiter Flavours Ltd. — a British company that develops, produces and markets flavors.

The acquisition is through Frutarom’s subsidiary Frutarom (UK) Ltd. Frutarom made a cash payment of $2.8 million, and the agreement also includes a deferred payment of up to $600,000 based on future results Jupiter is expected to achieve.

Jupiter has been growing in recent years, with $2 million in sales volume during the year before the acquisition.

The acquisition is expected to expand Frutarom’s product options and add new customers to Frutarom’s base in Britain.

In March, Frutarom acquired Belmay, another British company.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.