date:Dec 16, 2013
Israel-based flavor and fragrance company Frutarom has acquired Hagelin, a US-based flavor company, in a $52.4m all-cash deal, as part of its strategy to reinforce its presence in the US and in the emerging markets of Latin America and Africa.
Hagelin manufactures and markets flavors and flavor technologies for the food industry with an emphasis on beverage flavors.
The company operates three RD, production and marketing sites, and employs 84 people. It reported sales turnover of $24.2m in 201