Frutarom acquires the activity of EAFI

EAFI’s turnover for the 12 months ending December 2010 is expected to total $8.4m. The acquisition will be self-financed. Frutarom estimates that the deal will be completed within a number of weeks.

Among the assets being acquired is EAFI’s operational facility in the UK, which houses the company’s R&D, marketing and manufacturing capabilities.

EAFI employs roughly 35 employees and serves a broad customer base. EAFI’s activities are synergetic with Frutarom’s current activities in the UK and with Frutarom’s savoury competencies in Europe, which have grown significantly in recent years following a number of acquisitions in the sector.

Source: Frutarom

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