M&A Deal Summary

Frutarom Industries Acquires Mühlehof Gewürze AG

On August 22, 2017, Frutarom Industries acquired food company Mühlehof Gewürze AG for 7M USD

Acquisition Highlights
  • This is Frutarom Industries’ 44th transaction in the Food sector.
  • This is Frutarom Industries’ 22nd largest (disclosed) transaction.
  • This is Frutarom Industries’ 2nd transaction in Switzerland.

M&A Deal Summary

Date 2017-08-22
Target Mühlehof Gewürze AG
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Mühlehof Gewürze AG

Niederuzwil, Switzerland
Mühlehof Gewürze AG engages in the development, production and marketing of savory taste solutions (the non-sweet spectrum of flavors), including flavors, seasoning blends, marinades and functional ingredients for the food industry, with emphasis on convenience foods and meats. Mühlehof, with 9 employees, has a site in Switzerland for development, manufacturing and marketing which is included among the acquired assets.

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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 51 of 54
Sector: Food M&A 44 of 45
Type: Add-on Acquisition M&A Deals 41 of 43
Country: Switzerland M&A 2 of 2
Year: 2017 M&A 4 of 6
Size (of disclosed) 22 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Flavours and Essences

Blackburn, United Kingdom

Flavours and Essences (UK) Ltd. engages in the development, production and marketing of flavors and natural colors. F&E operates a production site and R&D center in Blackburn, England, employs 41 people, and has a broad customer base in Europe, particularly in the UK and Ireland. F&E’s activity is synergetic with Frutarom’s activity in the field of flavors, activity which has grown in recent years by rates considerably higher than the market rate of growth, as well as with Frutarom’s developing activity in the field of natural food colors.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Pollena-Aroma Sp z.o.o.

Nowy Dwór Mazowiecki, Poland

Pollena-Aroma Sp, z.o.o. engages in the development, production and marketing of flavors, fragrances and specialty ingredients for the aromatherapy and natural cosmetics industries. Pollena-Aroma holds a leading position in Poland’s flavors and fragrances market as the former leading Polish government company in this field which underwent privatization in the early 1990s.

Buy €7M