15 May 2015 --- Frutarom Industries Ltd, a flavors and specialty fine ingredients company, has continued its rapid growth strategy, with the acquisition of a 60% of the share capital of the flavors and fragrances company Sonarome Private Ltd. in exchange for a cash payment of US$17.2million (reflecting a company value of US$28.6million). The purchase agreement includes an option for Frutarom to acquire the remaining balance of shares starting two years from now at a price conditional on the company's business performance. The transaction is being financed using bank debt.
