Yehudai added, "Thanks to Frutarom's proven experience in making acquisitions and in realizing the synergy and cross selling opportunities, we are convinced that this acquisition will benefit Frutarom's continued fast growth and profitability and will create added value for our customers, our employees and our investors."
Frutarom's personnel in the fields of unique savory flavors and functional ingredients will benefit from the significant addition of experienced and skilled employees at all levels. The Gewurzmuller Group's strong, experienced management, including the Rendlen family (the sellers), will be integrated into Frutarom's and together lead the activity in Europe and Frutarom's global savory activity. The Gewurzmuller Group has extensive research and development activity, possesses patented products and processes, and collaborates with leading European universities. Frutarom's research and development team will be augmented by skilled, experienced and high quality personnel.
Yehudai added, "Above and beyond the extensive synergy existing in the
German market, there is synergy between the Gewurzmuller group's and
Frutarom's activity in many additional countries, particularly in the
western and eastern European markets. We intend to take advantage of our
global marketing and sales infrastructure to leverage and realize the many
cross selling opportunities created by this acquisition, by broadening both
the customer base
|SOURCE Frutarom Industries Ltd|
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