Frutarom Acquires Portion Of Sonarome For $17.2M

May 14, 2015 | One of the world’s 10 largest companies in the flavors and fine ingredients sector, Frutarom announced that it acquired a 60 percent stake in Sonarome Private. Frutarom acquired the stake in the Indian company for $17.2 million at a company value of $28.6 million. The purchase agreement between the companies includes the option for Frutarom to acquire the remaining balance of shares in the company. Frutarom was founded in 1933 Yehuda Araten and Maurice Gerzon.