Frutarom Continues Its Acquisition-Spree With Largest Deal Yet

December 14, 2015 | Israeli flavoring company Frutarom, one of the largest companies in the field of food ingredients, has acquired the Germany company Wiberg GmbH for approximately $130.4 million (€119 million). Completion of the transaction, which will be financed using bank debt is subject to approval from the German and Austrian antitrust authorities, which Frutarom expects to receive at the beginning of 2016. This transaction marks Frutarom’s 13th acquisition of this year, following its acquisition of the Hong Kong company Inventive for $17 million earlier this month, and its stake in the Polish company AMCO for $20.7 million.