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Frutarom’s First Quarter Shows Record Breaking Income

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With the fulfillment of the acquisitions, the company has set a goal for $2 billion in sales by 2020. Ori Yehudai, CEO, Frutarom, stated that, “First quarter 2016 produced another milestone in our journey of rapid and profitable growth. The successful implementation of our growth strategy, combining profitable internal growth at higher than average market growth rates together with strategic acquisitions that contribute to the ongoing improvement in our results, has brought us another record quarter in both sales and profits.”

Along with acquisitions, the accelerated growth rate of the company is due to the flavor and specialty fine ingredients division, which grew 6.3%, helping the company with its record breaking income. 

http://www.globes.co.il/en/article-frutarom-sales-profits-surge-1001126862

http://www.globes.co.il/en/article-frutarom-sales-profits-surge-1001126862