Frutarom Industries has acquired U.S. based Hagelin & Co for $52.4 million.
December 12/Tel Aviv, Israel/Reuters -- Israeli flavorings and specialty ingredients company Frutarom Industries has acquired U.S. based Hagelin & Co for $52.4 million in cash to expand its product portfolio in the area of soft drinks and other beverages.
The acquisition was financed through short-term bank financing, Frutarom said.