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M&A Deal Summary

Frutarom Industries Acquires Unique Flavors

On February 9, 2017, Frutarom Industries acquired food company Unique Flavors for 7M USD

Acquisition Highlights
  • This is Frutarom Industries’ 41st transaction in the Food sector.
  • This is Frutarom Industries’ 23rd largest (disclosed) transaction.
  • This is Frutarom Industries’ 2nd transaction in South Africa.

M&A Deal Summary
Date 2017-02-09
Target Unique Flavors
Sector Food
Buyer(s) Frutarom Industries
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

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.

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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 48 of 54
Sector: Food M&A 41 of 45
Type: Add-on Acquisition M&A Deals 38 of 43
Country: South Africa M&A 2 of 2
Year: 2017 M&A 1 of 6
Size (of disclosed) 23 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-25 SDFLC Brasil Indústria E Comércio

Sete Lagoas, Brazil

SDFLC Brasil Indústria E Comércio Ltda. (Grupo SDFCL) is a producer of taste solutions for ice creams and desserts. Grupo SDFCL was established in 2001 and is based in Sete Lagoas, Brazil.

Buy $33M
Mergr

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