Frutarom Completes $20M Acquisition, 29th Deal In 5 Years

January 12, 2016 | Israeli food flavoring giant Frutarom has completed its 29th acquisition in five years, with its purchase of US-based Grow Company Inc. for $20 million. Founded in 1977 in New Jersey, Grow has developed unique production methods for producing natural ingredients for dietary supplements, remedies, cosmetics and flavors. Frutarom also announced that it completed its purchase (announced in 2015) of 75% of the share capital of Polish company AMCO Sp. z o.o., which specializes in unique savory flavors. Frutarom President and CEO Ori Yehudai said, “We have an excellent pipeline of future acquisitions” and that “joining together the worlds of natural flavors and health will contribute towards achieving the goals we recently set out: $2 billion in sales by 2020 along with an EBITDA margin of over 22% in our core activities.”