Israel-based food flavors and speciality ingredients firm Frutarom Industries has announced the acquisition of Israel Biotechnology Research (IBR), which researches, develops and manufactures natural active ingredients for the cosmetic and dietary supplements industries. The acquisition follows Frutarom's strategy of being a global supplier of unique natural products and will further its work in fields of algae-growth and active ingredients extraction for personal care and skin protection. IBR had sales of $7.4m in this past year and has grown 40% 2017.
Israel-based food flavors and speciality ingredients firm Frutarom Industries has announced the acquisition of Israel Biotechnology Research (IBR), which researches, develops and manufactures natural active ingredients for the cosmetic and dietary supplements industries. The acquisition follows Frutarom's strategy of being a global supplier of unique natural products and will further its work in fields of algae-growth and active ingredients extraction for personal care and skin protection. IBR had sales of $7.4m in 2017 and has grown 40% this past year.