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Frutarom Industries Ltd. announced that Enzymotec shareholders approved the merger transaction. Frutarom will pay approximately US$210 million net of cash, deposits and securities to acquire full ownership of Enzymotec, which will become a wholly-owned subsidiary. Completion is expected within 30 days.
Frutarom Industries agreed to purchase 51% of Israeli competitor Turpaz Perfume & Flavor Extracts for $13 million.
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.