Frutarom Industries has signed an agreement to acquire the entire share capital of Jupiter Flavours, which develops, produces and markets flavours.
The $2.8m deal also includes a deferred payment of up to $600,000 based on Jupiter's anticipated future results.
The acquisition is expected to expand Frutarom's product offering, as well as extending the companies existing customer base in Britain. The company only acquired Belmay in March 2007, so this move will contribute to strengthening the activity and push it forward as the leading flavour producer in the country.