International Flavors & Fragrances said Thursday it has acquired one of its suppliers, Aromor Flavors and Fragrances Ltd., a privately held Israeli manufacturer and marketer of complex specialty ingredients that are used in fragrances and flavors.
While terms of the transaction were not disclosed, the Aromor operations would have represented about $35 million of incremental sales to IFF’s results in 2013 on a pro-forma basis. IFF funded the transaction from existing resources. Aromor will become part of the IFF Fragrances Ingredients business and is expected to be accretive to IFF’s earnings per share in 2014.
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