M&A Deal Summary

IFF Acquires Frutarom Industries

On May 7, 2018, IFF acquired consumer products company Frutarom Industries for 7.1B USD

Acquisition Highlights
  • This is IFF’s 3rd transaction in the Consumer Products sector.
  • This is IFF’s largest (disclosed) transaction.
  • This is IFF’s 2nd transaction in Israel.

M&A Deal Summary
Date 2018-05-07
Target Frutarom Industries
Sector Consumer Products
Buyer(s) IFF
Deal Type Add-on Acquisition
Deal Value 7.1B USD
Advisor(s) BofA Securities (Financial)
Wachtell, Lipton, Rosen & Katz
Naschitz, Brandes, Amir & Co. (Legal)

Target

Frutarom Industries

Haifa Bay, Israel
website
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.

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Buyer(S) 1

Buyer

IFF

New York, New York, United States

website

Category Company
Founded 1833
Sector Chemicals
Employees24,000
Revenue 11.7B USD (2021)
DESCRIPTION

IFF is a provider of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents, and household goods, as well as beverages, sweet goods, and food products. IFF was founded in 1833 and is based in New York City.

DEAL STATS #
Overall 8 of 12
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 7 of 10
Country (Israel) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Columbia Phytotechnology

The Dalles, Oregon, United States

Columbia Phytotechnology LLC (dba PowderPure) is a provider of organic and conventional powders for nutritional needs. PowderPure utilizes its patented Infidri™ drying technology to create all-natural food ingredients by eliminating water while leaving the taste, nutrition and color matrix intact. Columbia Phytotechnology LLC (dba PowderPure) was established in 2000 and is headquartered in The Dalles, Oregon.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 The Additive Advantage

North Reading, Massachusetts, United States

The Additive Advantage (TAA) is a company that develops novel technologies with diverse capabilities that span applications and industries. TAA has the expertise to develop the next-generation delivery systems technology platform that will enable the printing of flavors, fragrances, cosmetic and health & nutrition actives onto a variety of consumer products. The Additive Advantage was founded in 2006 by Salvatore Celeste and maintains a research laboratory, engineering facility and sales office in North Reading, Massachusetts.

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Mergr

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