The U.S.-based International Flavors & Fragrances (IFF) firm is buying Aromor Flavors, half-owned by Kibbutz Givat Oz, which is located southeast of Haifa. Former executives ion the Makhteshim phosphates and chemical giant own the other half of Aromor, which manufactures and markets specialty ingredients that are used in fragrances and flavors. “We expect Aromor, with […]
Israel’s Frutarom flavor technology company’s appetite continues to grow with the announcement Thursday of the purchase of the American flavor company Hagelin and its affiliate NRC Operating Company for $52 million. It is Frutarom’s third buy-out of a foreign company in a month and counters the trend of American companies purchasing Israel high-rech startups. Frutarom […]