M&A Deal Summary

Frutarom Industries Acquires Abaco

On July 4, 2007, Frutarom Industries acquired food company Abaco for 4M USD

Acquisition Highlights
  • This is Frutarom Industries’ 9th transaction in the Food sector.
  • This is Frutarom Industries’ 31st largest (disclosed) transaction.
  • This is Frutarom Industries’ 2nd transaction in the United States.
  • This is Frutarom Industries’ 1st transaction in Georgia.

M&A Deal Summary
Date 2007-07-04
Target Abaco
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Abaco

Eastanollee, Georgia, United States
Abaco develops, produces and markets unique ingredients for the flavor and fragrance industry. Abaco was founded in 1989 and its principals have decades of accumulated knowledge and experience in the field of ingredients for the flavor and fragrance industry.

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Buyer(S) 1

Buyer

Frutarom Industries

Haifa Bay, Israel

website

Category Company
Founded 1933
Sector Consumer Products
Employees3,100
Revenue 820M ILS (2014)
DESCRIPTION

Frutarom Industries Ltd. is a global company operating in the global flavors and natural fine ingredients markets. Frutarom has significant production and development centers on six continents and markets and sells over 70,000 products to more than 30,000 customers in over 150 countries. Frutarom’s products are intended mainly for the food and beverages, flavor and fragrance extracts, pharmaceutical, nutraceutical, health food, functional food, food additives and cosmetics industries.

DEAL STATS #
Overall 10 of 53
Sector (Food) 9 of 45
Type (Add-on Acquisition) 7 of 42
State (Georgia) 1 of 1
Country (United States) 2 of 9
Year (2007) 5 of 8
Size (of disclosed) 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Adumim Food Additives

Mishor Edumim, Israel

Adumim has two main fields of activity: development, production and marketing of ingredients and unique fine ingredients for the food and functional food industries which provide the final product with flavor, color, texture, a long shelf life and healthful values; and development and production of food ingredients containing medicinal plant extracts, vitamins and minerals known to have positive health benefits and nutrition products for the elderly (including ill people who have difficulty consuming solid food.)

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-14 Gewurzmuller

Ludwigsburg, Germany

Gewurzmuller GmbH is a develops, produces and markets unique and innovative savory solutions, including savory flavors, seasoning compounds and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.

Buy -
Mergr

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