Frutarom Industries Acquires Activity of Spain's AB-Fortis.
M2 EQUITYBITES-November 10, 2017-Frutarom Industries Acquires Activity of Spain's AB-Fortis
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10 November 2017 - Israel-based flavour and ingredient supplier Frutarom Industries Ltd. (LSE: FRUT) (TASE: FRUT) has signed, through a subsidiary, an agreement with AB Biotics S.A. of Spain for the purchase of the AB-Fortis activity, the company said.
This deal includes with AB-Fortis' patent-protected micro-encapsulation technology that enables delivery of iron with increased biological absorption while avoiding the side effects of metallic taste and digestive problems in the applications of functional foods and dietary supplements.
The transaction was completed upon signing and financed by independent means.
AB-Fortis will join Frutarom's established activity in specialty fine ingredients, the framework in which Frutarom develops, produces and markets active substances and natural specialty patent protected extracts with scientifically proven healthy qualities backed by clinical trials, tens of thousands of customers throughout the world.
Frutarom does not view this transaction as the purchase of a material asset.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 10, 2017|
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