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Israel: Coca-Cola flavor maker open to acquisitions

By  |  March 10, 2014

The maker of flavors for companies including Coca-Cola and Nestle is reportedly open for mergers.

Israel-based Frutarom Industries announced at least 20 potential merger targets as its CEO Ori Yehudai confirmed the company would like to strike a deal with a potentially larger players.

Such an acquisition spree has analysts optimistic that Frutarom’s earnings will continue to rise, reports say.

The company said it expects a merger with a company of at least equal size in the next year or two, but until then will continue pursuing small- and mid-sized acquisitions.

Full Content: Businessweek

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