Frutarom acquires Extrakt Chemie

Frutarom Industries, a manufacturer of flavors and natural specialty fine ingredients, has acquired 100% of the German partnership Extrakt Chemie as well as the property on which Extrakt Chemie’s plant is situated in exchange for approximately $6 million in cash. Revenues of Extrakt Chemie for the fiscal year ended February 2016 amounted to $10 million.