The ingredient group Frutarom, Tel Aviv/Israel, has acquired the remaining 20.92 % stake in Spanish plant extracts company Nutrafur for USD 2.36 m. It adds to the initial 79% stake that Frutarom acquired in Nutrafur in September 2015.  

Thereby, Frutarom continues its ‘aggressive’ pursuit of growth. The deal is the seventh for the Israeli company in the last twelve months and its fourth buyout of 2017, following deals for WFF in Vietnam, René Laurent in France and Unique Flavors in South Africa.

Based near Murcia in southern Spain, Nutrafur manufactures a range of speciality plant extracts, many with antioxidant properties or scientifically proven healthy qualities. They include extracts of rosemary, olive and citrus fruits that are used in formulations for food and drink – as well as in other sectors – plus antioxidants for preserving food and extending shelf life.