M&A Deal Summary

Frutarom Industries Acquires GRUPO PIASA S.A. de C.V.

On November 10, 2016, Frutarom Industries acquired food company GRUPO PIASA S.A. de C.V.

Acquisition Highlights
  • This is Frutarom Industries’ 40th transaction in the Food sector.
  • This is Frutarom Industries’ 1st transaction in Mexico.

M&A Deal Summary
Date 2016-11-10
Target GRUPO PIASA S.A. de C.V.
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition

Target

GRUPO PIASA S.A. de C.V.

Miguel Hidalgo, Mexico
GRUPO PIASA S.A. de C.V. is a provider of savory solutions. PIASA portfolio of solutions includes: flavors, unique spice mixes, sauces, seasonings, marinades, casings, chili based products, functional ingredients for meat products and vegetable components.

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Buyer(S) 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 STATS #
Overall 47 of 53
Sector (Food) 40 of 45
Type (Add-on Acquisition) 37 of 42
Country (Mexico) 1 of 1
Year (2016) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Nardi Aromas

Brazil

Nardi Aromas Ltda. is a specializes in the development, production and marketing of natural traditional Brazilian flavors and plant-based herbal extracts for the alcoholic drinks and carbonated beverages markets.

Buy R$5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Unique Flavors

South Africa

Unique engages in the development, production and marketing of flavors, with emphasis on savory flavors (the non-sweet spectrum of flavors) and on sweet taste solutions. Unique, which has grown in recent years at a rapid pace, has an R&D, production and marketing site in Pretoria, South Africa, near Frutarom’s new South African site, and a wide customer base in South Africa and other important emerging markets of the Sub-Saharan region like Ghana, Malawi, Zimbabwe and Mozambique. Unique has a workforce of 64 people and its activity is synergetic to Frutarom’s flavors activity in Africa which has grown in recent years at a substantial pace surpassing the rate of market growth.

Buy $7M
Mergr

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