Frutarom acquires 70% of the Argentinian flavours and fragrances group Meroar for US$11.2 million

摘要

Frutarom Industries Ltd., one of the world's 10 largest companies in the field of flavours and natural specialty fine ingredients, continues its momentum of acquisitions and implementation of its rapid and profitable growth strategy, with an announcement today that it has signed an agreement for the purchase of 70% of the share capital of the Argentinian companies Meroar S.A and Meroaro-mas S.A. for US$ 11.2 million. The purchase agreement includes an option to purchase the balance of Meroar's shares, starting from the elapse of 3 years of completion of the transaction, at a price based on Meroar's business performance during this period. The transaction is expected to be completed over the coming months and it will be financed through bank debt.