International Flavors & Fragrances Inc. (IFF) has announced that its Frutarom Division has completed its acquisition of 60% of the share capital of The Mighty Co. Ltd. (Mighty).
Mighty develops, produces and markets reaction flavors, with an emphasis on savory solutions. Its portfolio includes flavors, seasoning blends, marinades and specialty functional raw materials for food and beverage.
The move is part of the company’s continued growth strategy in Southeast Asia.
“The completion of this deal with Mighty underscores that the Frutarom division will continue on its growth strategy and pursue attractive companies that create new opportunities or build on current capabilities,” said Amos Anatot, president, IFF’s Frutarom division. “And in this case, we are helping to grow our capabilities in savory solutions – already an area of strength for legacy Frutarom, now IFF."