ICL will acquire a German producer of premium spice blends and food ingredients for meat processing.
December 18/Tel Aviv, Israel/PRNewswire -- ICL has entered into a definitive agreement to acquire Hagesüd Group, a German producer of premium spice blends and food ingredients for meat processing. Following the acquisition, Hagesüd will become part of ICL Food Specialties.
The transaction includes all of the operating assets of the Hemmigen, Germany-based company, including Hagesüd's existing business, state-of-the-art production technology and warehouse facilities located in Hemmigen, Dortmund and Ottensoos, Germany, with about 200 employees. Hagesüd is well established in the premium spice & ingredient market.