M&A Deal Summary

Frutarom Industries Acquires JannDeRee

On May 2, 2013, Frutarom Industries acquired food company JannDeRee for 5M USD

Acquisition Highlights
  • This is Frutarom Industries’ 21st transaction in the Food sector.
  • This is Frutarom Industries’ 26th largest (disclosed) transaction.
  • This is Frutarom Industries’ 1st transaction in South Africa.

M&A Deal Summary

Date 2013-05-02
Target JannDeRee
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

JannDeRee

Johannesburg, South Africa
JannDeRee (Pty) Ltd. is a develops, manufactures, and markets flavors with an emphasis on savory flavors and sweet flavor solutions.

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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 23 of 54
Sector: Food M&A 21 of 45
Type: Add-on Acquisition M&A Deals 18 of 43
Country: South Africa M&A 1 of 2
Year: 2013 M&A 1 of 4
Size (of disclosed) 26 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Mylner Indústria e Comércio

Porto Feliz, Brazil

Mylner Indústria e Comércio Ltda. is a develops and produces sweet flavors for beverages and baked goods and natural flavor products.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 Protein Technologies Ingredients Group

Moscow, Russia

Protein Technologies Ingredients Group is a distributors and manufactures of ingredients for food industry.

Buy -