Minneapolis -Today, Acatris Health Group announced it was acquired by Israeli based Frutarom Group.
Established in 1933, Frutarom is a multinational flavor & fragrance house creating, producing and marketing a large variety of high quality natural products widely used in the pharmaceutical, nutraceutical, cosmetics, food supplements and functional food industries. Frutarom’s acquisition of Acatris Health Group follows on the highly successful acquisition of Flachsmann in 2003. Acatris’ health ingredients will be managed from Frutarom’s Fine Ingredients Division headquartered in Switzerland.
Frutarom’s President and CEO Ori Yehudai said: “The acquisition of Acatris Health will significantly strengthen our unique, natural product portfolio that we offer our customers, particularly in the functional foods and dietary supplements markets that are enjoying rapid growth, and strengthen Frutarom’s leadership position in these markets.”
Acatris has a wide range of health ingredients, which are predominantly used in dietary supplements, as well as in food stuffs, pharmaceutical products and cosmetics. Acatris primary health ingredients are: LINUMLIFE®, flax lignan extracts, SOYLIFE®, soy germ isoflavones 2%, 3%, 10%, 40% extracts and FENULIFE®, a line of fenugreek extracts for glycemic balance and weight loss.
Frutarom is a global public company traded on the Tel Aviv and London Stock Exchanges. Frutarom produces and markets over 15,000 products to more than 5,000 customers in over 100 countries. Frutarom’s sales totaled US$ 243.8 million in 2005 (growing 24% from the previous year), and its net profit totaled US$ 28 million (growing 50% from the previous year). Sales for the first half of 2006 totaled US$ 143.3 million, up 8.7% compared with the first half last year. Net profit for the first half of 2006 rose 14.4% to total US$ 17.4 million.
Frutarom operates through two Divisions:
• The Flavors Division, which develops, produces and markets flavor compounds and food systems.
• The Fine Ingredients Division, which develops, produces and markets natural flavor extracts, natural functional food
ingredients, natural pharma/nutraceutical extracts, specialty essential oils and citrus products, and aroma chemicals.
For further information, visit website: www.frutarom.com