Frutarom acquires business of Oxford.Frutarom Frutarom is a multinational flavor and fragrance house established in 1933 with sales of $243.8 million in 2005. Operating under two main divisions – Flavors and Fine Ingredients, creates, produces and markets at fourteen locations worldwide a large variety of have announced that it has signed an agreement to acquire the assets and business of the UK Company Oxford Chemicals Ltd. For a consideration of approximately ap·prox·i·mate
1. Almost exact or correct: the approximate time of the accident.
2. US$12 million (GBP GBP
In currencies, this is the abbreviation for the British Pound.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.25 million).
Frutarom intends to utilize the many cross-selling Cross-selling is the term used to describe the sale of additional products or services to a customer. Less frequently it is used to describe the sale of services to additional business units at an account or to different geographic units of a customer. opportunities which arise from the acquisition by selling its products to Oxford's customers around the world as well as selling Oxford's products to Frutarom's existing customers, especially in markets where Oxford has not had any significant activities until now.
With the integration of the activities of Frutarom and Oxford, Frutarom will benefit from the addition of excellent, high quality personnel, especially in the area of research and development, production, marketing and sales. Oxford's management will join the management of Frutarom's Fine Ingredients Division, contributing its experience and expertise. Oxford has a pipeline of innovative products with emphasis on natural flavours.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Ori Yehudai, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Frutarom Group, "Frutarom continues to implement its rapid growth strategy combining internal growth in its core activities, at rates above the industry average, with strategic acquisitions. Frutarom continues working to identify and implement additional strategic acquisitions of companies and activities and believes that its solid capital structure and its ability to generate cash from operating activities, together with available credit lines from leading banks in the world, will enable it to utilize acquisition opportunities created due to the global economic crisis."
Contact Frutarom on tel +972 4 846 2462 or visit: www.frutarom.com
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|Publication:||Food Trade Review|
|Date:||Feb 1, 2009|
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