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Frutarom makes sixth acquisition
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04/08/16

Perennially acquisitive Frutarom has agreed to purchase Irish company Redbrook Ingredients Services for approximately $44.8 million (€40 million). It is Frutarom’s sixth acquisition of 2016.
Frutarom makes sixth acquisition
Perennially acquisitive Frutarom has agreed to purchase Irish company Redbrook Ingredients Services for approximately $44.8 million (€40 million). It is Frutarom’s sixth acquisition of 2016.
Redbrook was founded in 1987 and has an R&D and sales and marketing centre and a production site near Dublin, Ireland as well as a production unit and R&D and sales and marketing centre in Daventry, England, near Frutarom’s site at Wellingborough, England. Redbrook has 39 employees. Redbrook’s main activity is the development, production and marketing of specialty savoury taste solutions, which includes seasoning and functional blends, marinades, glazes, cures and specialty ingredients for food processors. Redbrook sales for the 12 month period ending June 2016, according to current exchange rates, amounted to approximately $25.4 million (€ 22.7 million). In the last three years Redbrook has exhibited double digit growth.
"The acquisition of Redbrook is the continuation of the implementation of Frutarom Group's rapid profitable growth strategy and the realization of its vision 'to be the preferred partner for tasty and healthy success,'” said Ori Yehudai, President and CEO of Frutarom. “This is an important acquisition in establishing Frutarom’s standing as one of the world’s largest and leading companies for flavors, and strengthens its presence and position as a top global producer of natural, healthy and innovative savory taste solutions. The acquisition reinforces our market leadership in the UK and constitutes Frutarom’s first entry into the Irish market, also giving us the advantages of a global manufacturer having a local R&D, production and sales platform for shortening delivery times and improving service to customers of the region."
"We are working on seeking out and executing additional acquisitions of companies and activities in our fields of activity, with special focus on high-growth markets, and we have a strong pipeline of potential strategic acquisitions. We will continue carrying out our rapid profitable growth strategy, which is based on profitable internal growth and strategic acquisitions, in order to achieve the targets we recently set: sales of at least $2 billion with an EBITDA margin of over 22% in our core activities by the year 2020.”
 

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