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news.Frutarom Industries, a provider of products for pharmaceutical, nutraceutical and health food industries, has completely aquired Aromco for $25m.
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With this acquisition, Frutarom will strengthen its activity and market share in developing markets in Eastern Europe, Africa and Asia, and will strengthen its current product supply chain in the UK.
Frutarom president and CEO Ori Yehudai said they will strive to maximize the numerous synergies among the different activities of Frutarom by using the operating synergies in the different countries to accelerate the cross-selling opportunities and to achieve significant efficiencies and savings.
"Aromco’s acquisition was the fourth completed since the beginning of 2011 and it continues the realization of our strategy to integrate internal profitable growth with strategic acquisitions to double the sales turnovers within the next 4 years," Yehudai said.