IFF to buy Israel's Frutarom for $7.1 billion in cash, stock
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International Flavors & Fragrances Inc. (IFF) agreed to buy Israeli flavors and ingredients maker Frutarom for $7.1 billion in a cash and stock transaction that would create the leader in the sector, the companies said on Monday.
IFF, which is paying an 11 percent premium to Frutarom’s May 6 close, also will assume Frutarom’s net debt while the two companies will have combined revenue of $5.3 billion in 2018.
