Report: Frutarom Expects to Reach $1 Billion in Sales Early This Year

Frutarom Industries Ltd. expects to reach its $1 billion sales target as early as this year, according to a recent Bloomberg news report.

According to the report, Ori Yehudai, the company's CEO, said the company will make more acquisitions in 2015 with a focus in emerging markets and the United States and is on track in achieving its $1 billion sales target in 2016 and possibly as early as this year.

Last month, Frutarom agreed to acquire the shares of Vitiva (Markovci, Slovenia) for a cash payment of about $10 million. The move follows Frutarom's October acquisition of Peruvian natural flavor and color firm Montana. (Read more about this acquisition in P&F's December issue). 

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