FDBusiness.com

Frutarom Industries, one of the world’s largest companies in the field of flavours and specialty fine ingredients, is exercising its option for the purchase of the remaining 5% balance of share capital of Les Ingredients Alimentaires of Canada for approximately US$2 million (C$2.75 million). This follows the acquisition of 95% of BSA’s share capital in May 2015.

BSA was founded in 1989 and its main activity is the development, production and marketing of unique and innovative savoury taste solutions (the non-sweet spectrum of flavours) that include seasoning blends and functional ingredients for the food industry, with particular focus on the areas of processed meats and convenience foods. BSA has a large and efficient production site in Montreal and around 150 employees. The acquisition of BSA has greatly strengthened Frutarom’s position in the field of savoury in North America. Since the acquisition BSA has exhibited double-digit growth along with significantly improved profitability margins.

Ori Yehudai, President and CEO of Frutarom, comments: “Frutarom sees great strategic importance for rapid growth in the field of savoury flavours in which it now holds a leading market position, and is focused on developing unique innovative natural and healthy products with high added value at its sites throughout the world. The global market for savoury flavours is growing due to the rise in standard of living and changes in lifestyle and consumer habits bringing about increased demand for processed and convenience foods both for home consumption and for eating out. Frutarom embarked about 10 years ago on a strategic course of action to significantly build up its global savoury activity by acquiring leading companies in their fields possessing unique solutions and a strong position in strategic target markets.”