M&A Deal Summary

Frutarom Industries Acquires CitraSource

On February 24, 2014, Frutarom Industries acquired food company CitraSource for 8M USD

Acquisition Highlights
  • This is Frutarom Industries’ 24th transaction in the Food sector.
  • This is Frutarom Industries’ 20th largest (disclosed) transaction.
  • This is Frutarom Industries’ 6th transaction in the United States.
  • This is Frutarom Industries’ 1st transaction in Florida.

M&A Deal Summary
Date 2014-02-24
Target CitraSource
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

CitraSource

Winter Haven, Florida, United States
website
CitraSource LLC is a specializes in R&D, manufacturing, marketing and selling of unique solutions in citrus specialty ingredients.

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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 27 of 53
Sector (Food) 24 of 45
Type (Add-on Acquisition) 21 of 42
State (Florida) 1 of 2
Country (United States) 6 of 9
Year (2014) 1 of 2
Size (of disclosed) 20 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Hagelin

Branchburg, New Jersey, United States

Hagelin & Co., Inc. is a develops, produces and markets flavours and unique flavour technologies for the food industry,

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Montana Food

Peru

Montana Food also maintains trade and marketing activity through which, as part of its service and the providing of comprehensive solutions to its customers, it markets ingredients that it doesn't produce itself. Montana Food maintains an R&D, sales and marketing center and a modern, efficient production site in Lima, Peru with substantial capacity and the possibility for extensive further output expansion.

Buy $29M
Mergr

Product

Company

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