Frutarom Industries Ltd. has acquired Flavor Systems International Inc. of the U.S. for $35.3 million in cash. Frutarom will close the deal in a few weeks. This is the company's fifth acquisition so far this year.
Diageo has received the necessary regulatory clearances for the £1.3 billion acquisition of Turkish spirits company Mey Icki. The British spirits major revealed its intention to acquire Mey Icki in February this year to strengthen its position in the Turkish spirits market.
Brynwood Partners VI L.P. announced it acquired St. Paul, Minnesota-based Pearson Candy Company. Terms and conditions of the transaction were not disclosed.