Frutarom Buys Nardi Aromas For $1.6M

October 13, 2016 | Frutarom Industries, the Israeli flavors and specialty fine ingredients giant, has acquired Brazilian company Nardi Aromas for $1.6 million. This is Frutarom’s seventh acquisition this year, and part of its global expansion strategy. Frutarom, which was founded in 1933 by Yehuda Araten and Maurice Gerzon, has production and development centers on all six continents, and sells 52,000 products to more than 29,000 customers in 150 countries. Frutarom’s products are intended mainly for the food and beverages, flavor and fragrance extracts, pharmaceutical, health food, food additives and cosmetics industries. The company employs more than 4,500 people worldwide.