M&A Deal Summary

Frutarom Industries Acquires Rieber Industrial Spices Savory

On December 26, 2010, Frutarom Industries acquired food company Rieber Industrial Spices Savory from Rieber & Søn ASA for 4M USD

Acquisition Highlights
  • This is Frutarom Industries’ 15th transaction in the Food sector.
  • This is Frutarom Industries’ 28th largest (disclosed) transaction.
  • This is Frutarom Industries’ 1st transaction in Norway.

M&A Deal Summary
Date 2010-12-26
Target Rieber Industrial Spices Savory
Sector Food
Buyer(s) Frutarom Industries
Sellers(s) Rieber & Søn ASA
Deal Type Divestiture
Deal Value 4M USD

Target

Rieber Industrial Spices Savory

Norway
Rieber Industrial Spices Savory engages in the development, manufacture, and marketing of savory taste solutions (the non-sweet taste spectrum). Its product line includes flavors, seasoning compounds, and functional ingredients for the food industry, with a specialization in the processed meat, fish, and convenience food sectors.

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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 17 of 53
Sector (Food) 15 of 45
Type (Divestiture) 3 of 4
Country (Norway) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 28 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-21 Chr. Hansen A/S

Horsholm, Denmark

Chr. Hansen Holding A/S develops, produces and markets unique and innovative savory solutions (the non-sweet taste spectrum), including flavors, seasoning compounds and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-21 Aromco

Nuthampstead, United Kingdom

Aromco Ltd. is an independent flavour house that designs and manufactures sweet and savoury speciality flavours. Aromco develops, manufactures and markets flavors for the Beverage, Dairy, Confectionary, Bakeryand Savoury markets.

Buy £15M

Seller(S) 1

SELLER

Rieber & Søn ASA

Bergen, Norway
Category Company
Founded 1839
Sector Food
DESCRIPTION

Rieber & Søn ASA engages in the production and sale of various food and related products. The company was founded in 1839 and is headquartered in Bergen, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Q-Free

Trondheim, Norway

Q-Free is a global innovator in intelligent transportation systems, which improve traffic flow, road safety, and air quality. Q-Free was formed in 1984 and is based in Trondheim, Norway.

Buy -
Mergr

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