Brazilian-based flavor and ingredients company Frutarom has closed its BRL111m ($30m) acquisition of a majority 51% share of Israeli savoury solutions provider Bremil Indústria. The company, whose revenues for the 12 months to April 2018 reached $38m, is a leading supplier to Israel of savoury solutions for prepared and convenience foods, processed meats, as well as natural solutions and ingredients for seasoning blends, marinades, flavours and coatings. Frutarom aims to expand Bremil's presence internationally, and introduce its own products to Bremil clients.
Israeli-based flavor and ingredients company Frutarom has closed its BRL111m ($30m) acquisition of a majority 51% share of Brazilian savoury solutions provider Bremil Indústria. The company, whose revenues for the 12 months to April 2018 reached $38m, is a leading supplier to Israel of savoury solutions for prepared and convenience foods, processed meats, as well as natural solutions and ingredients for seasoning blends, marinades, flavours and coatings. Frutarom aims to expand Bremil's presence internationally, and introduce its own products to Bremil clients.