FDBusiness.com

Frutarom Acquires Aromco For $25 Million

 Breaking News
  • Canadian Dairy Giant to Acquire Dairy Crest For £975 Million Canada-based Saputo Group, which is one of the top ten dairy processors in the world, has made a recommended all cash offer of £975 million to acquire Dairy Crest, the UK dairy business. The acquisition will allow Saputo Group to increase its international presence and enter the UK market by acquiring and investing in a [...]...
  • Danone Continues to Make Progress Towards its 2020 Objectives Danone has reported a 0.7% decline in revenue to €24.66 billion with operating income down 26.5% to €2.74 billion for 2018. However, on a ‘like-for-like New Danone’ basis consolidated sales rose by 2.9% with a 3.6% growth in value, led by a continued mix and portfolio valorization, largely offsetting a 0.7% decline in volumes. All [...]...
  • European Commission Clears Acquisition of Gleadell by ADM The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Gleadell Agriculture by ADM Arkady, both based in the UK. Gleadell is a supplier and exporter of various grain and oilseed products. ADM is part of the Archer Daniels Midland group of companies and is a processor of a [...]...
  • Arla Foods Delivers Turn-around After Tough Start to 2018 After a difficult first quarter, Arla Foods came out of 2018 with improved sales and brand share as the international dairy co-operative’s performance grew stronger throughout the year. The transformation programme Calcium delivered cost-savings far beyond targets for the year and thanks to a historically strong balance sheet the board of directors has proposed to [...]...
  • British Gin Boosted by Exports The latest figures from HM Revenue and Customs show that British gin sales abroad, in 2018, were worth £612 million – up 15% on the previous year. In 2016 export sales of the juniper-based spirit broke the half a billion-pound mark for the first time and since then the popularity of British gin has seen [...]...

Frutarom Acquires Aromco For $25 Million

Frutarom Acquires Aromco For $25 Million
August 22
13:08 2011

Frutarom Industries has strengthened its position within the international flavours and specialty fine ingredients market with the acquisition of UK-based Aromco for $25m (£15m) in cash. The deal marks Frutarom’s fourth acquisition in the flavours sector since the beginning of 2011.

 

Aromco develops, manufactures and markets flavours for the beverage, dairy, confectionary, bakery and savoury markets, and achieved sales of £7.7m in 2010. Aromco’s owner, Keith Brown, founded the company in 1985 focusing on business development and penetrating into developing markets with high growth potential in Eastern Europe, Africa and Asia as well as building a market share in the UK.

 

Acquiring Aromco will enable Frutarom to broaden its activity and market share in these developing markets, which enjoy high growth rates, as well as to strengthen its current product supply chain. Additionally, Frutarom will utilise Aromco’s extensive innovation activities in flavour creation, development and application.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements