US-based International Flavors and Fragrances (IFF) has announced that its $7.1bn acquisition of Israeli company Frutarom has received full regulatory approval following antitrust approval from Russia. The deal is expected to close in the second half of this year, with IFF, which owns brands such as Dove soap, Lever 2000 detergent and Lipton tea, set to take a controlling stake in the As per the deal, Frutarom president and chief executive Ori Yehudai will serve as strategic adviser supporting Fibig. The combined companies will be headquartered in New York, but maintain a presence in Israel.
US-based International Flavors and Fragrances (IFF) has announced that its $7.1bn acquisition of Israeli company Frutarom has received full regulatory approval following antitrust approval from Russia. The deal is expected to close by early October, ahead of the original scheduled closing time. As per the deal, Frutarom president and chief executive Ori Yehudai will serve as strategic adviser supporting Fibig. The combined companies will be headquartered in New York, but maintain a presence in Israel.