Frutarom Completes Oxford Acquisition
Posted: February 6, 2009
Frutarom Industries Ltd. (Haifa, Israel), has completed the acquisition of Oxford Chemicals Ltd. for consideration of approximately $12 million. The acquisition, which is expected to enhance the product offerings of Frutarom’s fine ingredients division, will be financed through a long-term bank loan. The integration of the activities of the two companies will provide Frutarom with key personnel in research and development, production, marketing and sales. In addition, the company aims to exploit any cross-selling opportunities.