Add-on Acquisition • Food

Frutarom Industries Acquires Scandia Citrus

On July 29, 2015, Frutarom Industries acquired food company Scandia Citrus for 6M USD

Acquisition Context
  • This is Frutarom Industries’ 32nd transaction in the Food sector.
  • This is Frutarom Industries’ 24th largest (disclosed) transaction.
  • This is Frutarom Industries’ 8th transaction in the United States.
  • This is Frutarom Industries’ 2nd transaction in Florida.

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M&A Deal Summary

Date July 29, 2015
Target Scandia Citrus
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 6M USD

Target Company

Scandia Citrus

Lakeland, Florida, United States
Scandia Citrus LLC is a developer, manufacturer, and saled and marketing of specialty solutions in the field of citrus for flavor, food and beverages markets.
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Buyer Overview 1

Buyer

Frutarom Industries

Haifa Bay, Israel

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 Context for Buyer #
Overall 37 of 54
Sector: Food 32 of 45
Type: Add-on Acquisition 27 of 43
State: Florida 2 of 2
Country: United States 8 of 9
Year: 2015 9 of 13
Size (of disclosed) 24 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Foote & Jenks

Camden, New Jersey, United States

Foote & Jenks Corp. is a developer, manufacturer and marketer of flavor extracts for the pharma, food and beverages industries.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-06 Nutrafur S.A.

Alcantarilla, Spain

Nutrafur S.A. is a developer, manufacturer and marketer of botanical extracts for food and beverages sectors.

Buy $11M