ICL to acquire Prolactal

摘要

Israel Chemicals Ltd. (ICL; Tel Aviv) says that its food specialties business unit has entered into a share purchase agreement to acquire Prolactal (Hartberg, Austria) and its subsidiary, Rovita (Engelsberg, Germany). Prolactal is a leading European producer of dairy proteins and other ingredients for the food and beverage industries. Financial details of the deal were not disclosed. Prolactal is a privately-held company with annual sales of about ?100 million ($113 million), and it produces and sells an extensive range of functional dairy proteins used broadly in the beverage, dairy and meat industries to stabilize and improve the nutrition of beverages and foods processed under a variety of conditions, ICL says. The transaction is expected to close during the first quarter of 2015, subject to the receipt of regulatory approvals in Austria and Germany.