Frutarom Acquires Piasa For $20.5M

November 10, 2016 | Israeli company Frutarom Industries, one of the world’s largest companies in the field of flavors and fine ingredients, has acquired of 75 percent of the shares of Mexican group Piasa, a provider of savory solutions, in exchange for $20.5 million. This is Frutarom’s eighth acquisition this year. Frutarom was founded in 1933 by Yehuda Araten and Maurice Gerzon.