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IFF’s Frutarom Division Acquires Leagel

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Ice cream, various flavors

International Flavors & Fragrances Inc. (IFF) has announced that its Frutarom division has completed the acquisition of a 70% stake in Leagel S.r.l. (Leagel), a leading producer of ice cream and gelato ingredients in Europe.

Leagel’s portfolio includes a range of artisanal ingredients and equipment for gelato and ice cream retailers. Currently, the company employees 61 people and serves 1600 direct customers and distributors across 25 countries in Europe. IFF also retains the option to acquire the remaining stake in Leagel, exercised after three years.

Related: IFF Releases Full 2018 Financial Results

“The purchase of the stake in Leagel aligns well with our strategic acquisition in 2017 of SDFLC Brasil Indústria E Comércio Ltda. (SDFLC), a top Brazilian producer of taste solutions for ice creams and desserts,” said Amos Anatot, president of IFF's Frutarom division. “We see great opportunities to combine these companies and create a global platform for our ice cream ingredients business, expand our geographic reach and leverage cross-selling opportunities.”