date:May 09, 2016
Frutarom Industries has acquired German natural specialty ingredients producer Extrakt Chemie Dr. Bruno Stellmach.
Frutarom purchased the company for $6m in cash, as well as approximately $2.2m of assumed debt. The deal included the property where Extrakt Chemie's plant is located.
Established in 1969, Extrakt Chemie produces specialty ingredient extracts, primarily for pharma, natural medications, nutritional supplements, foods and cosmetics.
Frutarom Group president and CEO Ori Yehudai said