date:Dec 20, 2013
Israel Chemicals (ICL) has signed an agreement to acquire Germany-based spice blends and food ingredients maker Hagesued Group, for an undisclosed amount.
As part of acquisition, ICL will purchase Hagesued's existing business, modern production technology and warehouse facilities located in Hemmigen, Dortmund and Ottensoos, Germany with about 200 employees.
Hagesued will become part of ICL Food Specialties after completion of the deal.
The acquisition will enhance ICL's existing food specialt