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Frutarom Acquires Belmay’s Flavor Business
Posted: March 28, 2007
Frutarom (Haifa, Israel) has announced the acquisition of Belmay Inc.’s flavor business for US$ 17.1 million. Belmay’s sales for 2006 totaled approximately US$ 15.1 million. The sale includes the flavor facilities in Wellingborough, England and its offices in Denmark, Norway and Singapore. The sale will allow Belmay to strengthen its financial resources while re-focusing its efforts on global fragrance innovation, design and development. For Frutarom, the acquisition offers the company a leading flavor position in the British market.