# Frutarom acquires 75% of Piasa Group in Mexico

Frutarom Industries Ltd. signed an agreement to purchase 75% of Grupo Piasa S.A. de C.V., Mexico's leading savory solutions company, for approximately MXN 405 million (USD 20.5 million), including the main production site in Monterrey.

- Type: Acquisition
- Announced: 2016-11-10
- Where: Monterrey, Mexico, Mexico
- Value: $20.5M
- Status: announced
- Products: savory solutions, flavors, spice mixes, sauces, seasonings, marinades, casings
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Frutarom Industries](https://endata.com/companies/19629.md) (acquirer)
- [Grupo Piasa](https://endata.com/companies/19630.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/353301866/eighth-acquisition-for-frutarom-in-2016), 2016-11-10: "The Company announced today the signing of an agreement for the purchase of 75% of the shares of the Mexican group GRUPO PIASA S.A. de C.V."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.