On November 22nd, Frutarom released its third-quarter net profits. In the third quarter, net profits rose 13.8% to a total of $35.1 million. These profits are directly related to an increase in demand for flavor and fine ingredients and recent acquisitions. Frutarom made 11 acquisitions in 2015 and additional eight this year.
“Rapid and profitable organic growth and strategic acquisitions [that] we have made … support our continuing journey of profitable growth”, said CEO Ori Yehudai.