Israel’s Frutarom Buys Redbrook For $44.8M

August 3, 2016 | Israeli flavors and food ingredients company Frutarom Industries Ltd. has signed an agreement to fully acquire Irish company Redbrook Ingredients Services Limited for $44.8 million (€ 40 million). The transaction is being financed through bank debt. This is Frutarom’s sixth acquisition in 2016 and part of its global expansion strategy. Redbrook was founded in 1987 and has an R&D and sales and marketing center and production site near Dublin as well as a production unit and R&D and sales and marketing center in Daventry, England, near Frutarom’s Wellingborough site. Redbrook has 39 employees. Frutarom was founded in 1933 by Yehuda Araten and Maurice Gerzon.