January 17/Haifa, Israel/PRNewswire -- Frutarom Industries Ltd. is making its second acquisition of 2012, acquiring 56% of the share capital of the Etol d.d., a Slovenian public company. The acquisition was performed outside the Slovenian stock market in return for the amount of approximately $24.9 million. In the coming weeks, Frutarom intends to submit a takeover bid in the Slovenian stock market for the purchase of the remaining shares. If the bid is accepted in full, Frutarom will own all of Etol's share capital.

Etol, founded in 1924, is a flavor company with a long-standing reputation. It develops, manufactures and markets flavors, focusing on natural flavor products for the food and beverage industry. Etol also has experience in the development of fruit based flavors and products and food systems, specializing in local fruits of the region, as well as extensive activities in the growing area of bases for beverages that Frutarom has identified as a strategic area for the company, and in which it plans to further invest in order to substantially expand its activity.

 From the January 17, 2012, Prepared Foods' Daily News.