Corona, California Jun 1, 2024 (Issuewire.com) - Frutarom, a global leader in the flavors and natural ingredients industry, has announced the acquisition of Flavor Specialties Inc., a premier flavor company based in Corona, California, for $17.2 million. The strategic acquisition aims to enhance Frutarom’s flavor offerings in the Americas and strengthen its research and development capabilities in flavors, functional foods, and health-related food and beverage products.
Flavor Specialties Inc. was founded in 1979 by Robert Dayton and has grown to become a significant player in the flavor industry, with a state-of-the-art production facility in Corona, California, and a dedicated team of 38 employees. The company also operates in Central and South America, providing natural flavors to a diverse range of clients, including the notable ISLAND SWEETWATER BEVERAGE COMPANY INCORPORATED.
Ori Yehudai, CEO of Frutarom, expressed his enthusiasm for the acquisition: “This acquisition not only brings us valuable cross-selling opportunities but also bolsters our R&D capabilities in key areas. Flavor Specialties Inc. has a strong reputation and a talented team, and we are excited to integrate them into the Frutarom family. This move is part of our ongoing strategy to expand our presence and capabilities in the Americas.”
Frutarom has a rich history of growth through strategic acquisitions. Established in 1933 by Yehuda Araten and Maurice Gerzon, the company built its first plant in Israel, making it one of the country's earliest industrial enterprises. Over the years, Frutarom has expanded its global footprint, acquiring numerous companies in the US, Europe, and Israel. In 2007 alone, the company made seven acquisitions. Today, Frutarom operates subsidiaries in Israel, the United States, the UK, Switzerland, Russia, Turkey, China, Ukraine, Kazakhstan, Peru, and Germany, with additional marketing offices in France, Romania, India, and Hong Kong.
The integration of Flavor Specialties Inc. into Frutarom USA will see the continuation of its legacy under the leadership and expertise of its founders and key personnel. Dr. James Chan, formerly of BOTANICALS INTERNATIONAL, INC., will also join Frutarom USA, further enriching the team with his extensive experience.
About Frutarom:
Founded in 1933, Frutarom is a global leader in the development, production, and marketing of flavors and natural ingredients. With a commitment to innovation and quality, Frutarom serves a wide range of industries, including food and beverages, pharmaceuticals, and cosmetics, across more than 150 countries. Through continuous growth and strategic acquisitions, Frutarom aims to create value and deliver exceptional products to its customers worldwide.
About Flavor Specialties Inc.:
Flavor Specialties Inc., founded in 1979 by Robert Dayton, is a leading provider of natural flavors based in Corona, California. The company specializes in creating high-quality, natural flavor solutions for the food and beverage industry, with a focus on innovation and customer satisfaction. With a strong presence in Central and South America, Flavor Specialties Inc. continues to expand its reach and influence in the global market.
Media Contact
Robert Dayton info@daytonflavors.com (714) 983-9001 https://www.daytonflavors.com/
