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|LSE: FRUT, TASE: FRUT|
|Founder||Yehuda Araten, Maurice Gerzon|
|Ori Yehudai, President and CEO|
Dr. John J. Farber, Chairman
|Products||Flavors and fragrances|
|Revenue||US$ 872.8 million (2015)|
|US$ 130.25 million (2015)|
|US$ 96.08 million (2015)|
|Total assets||US$ 1,318.48 million (2015)|
|Total equity||US$ 551.68 million (2015)|
Number of employees
|Parent||ICC Industries Inc.|
Frutarom Industries Ltd. (Hebrew : פרוטרום תעשיות בע"מ) is an Israeli-based company that specializes in the production and distribution of extracts for flavor and fragrance. In 2015 it had sales of over $872 million.
The company’s shares are traded on the London Stock Exchange and the Tel Aviv Stock Exchange, where it is a constitute of the TA-25 Index of leading shares.
The Frutarom Group is a flavor and ingredients company based in Haifa, Israel. The company develop, manufacture and market an extensive variety of flavors and ingredients catered to customers in a range of industries: food, beverage, flavor, fragrance, pharmaceutical, nutraceutical, food additive, and cosmetic.
Frutarom's some 20,000 products are sold to more than 10,000 customers, in 120 countries around the world. The Frutarom Group has 1,900 employees worldwide, with manufacturing facilities located in Europe, North America, Israel and Asia.
Frutarom operates through two major divisions:
Frutarom was established by Yehuda Araten and Maurice Gerzon, two industrialists from the Netherlands in 1933. They chose to build their first plant in an almost desert-like area between Haifa and Acco in Israel, making Frutarom one of Israel’s earliest industrial enterprises. In 1952, Frutarom became a subsidiary of the newly established Electrochemical Industries (Frutarom) Ltd (EIF). By 1973 ICC Industries, owned by Dr. John J. Farber, became the controlling party of EIF and Frutarom. Since the 1990s, Frutarom has expanded by establishing itself overseas beginning with the acquisition of a small US company in 1990. Frutarom now has subsidiaries in Israel, the United States, the UK, Switzerland, Russia, Turkey, China, Ukraine, Kazakhstan, Peru and Germany, plus marketing offices in France, Romania, India, and Hong Kong.
In 1996 Frutarom listed on the Tel Aviv Stock Exchange. The company was formerly known as Frutarom NewCo (1995) Ltd but changed its name to Frutarom Industries Ltd. in 1996.
On 22 February 2005, Frutarom raised approximately US$71 million by listing 10,000,000 Global depository receipts on the London Stock Exchange's main market.
On February 5, 2009, New York City Mayor Michael Bloomberg identified a Hudson County Frutarom facility that processes fenugreek seeds as the source of a mysterious maple syrup smell that has periodically filled the city since October 2005. The most recent "maple syrup event" occurred January 29, 2009. While numerous calls were placed to the city's 311 non-emergency complaint hotline on days when the odor was noticed by New Yorkers, the Mayor and the New York City Department of Environmental Protection have determined that the smell is not harmful.
It was announced in November 2013 that Frutarom would acquire 75% of Russia’s Protein Technologies Ingredients for $50.3 million, with an option to acquire the remaining quarter stake, held by the Cyprus-based firm, Vantodio Holdings, within three years.In May 2015, the company announced it had signed a deal to acquire 95 percent of Investissements BSA, a flavourings producer based in Montreal, for a fee of $35.6 million, as part of its expansion plans into the North American region, as well as India. In August 2016, Frutarom acquired the Irish company Redbrook for 40 million euros.
On May 8, 2018, International Flavors & Fragrances acquired Frutarom for $7.1 Billion.
Fuze Beverage, commercially referred to as simply Fuze, is a manufacturer of teas and non-carbonated fruit drinks enriched with vitamins. Currently the brand consists of five vitamin-infused lines: Slenderize, Refresh, Tea, Defensify, Magdalotopuss, and Vitalize. The use of vitamins, amino acids, and herbs, and alternative sweeteners such as crystalline fructose places Fuze products in what is known in the industry as the new age beverage category.
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.
Firmenich SA is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company in the field and ranks number two worldwide. Firmenich has created perfumes for over 100 years and produced a number of well-known flavors.
McCormick & Company is a global food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets. A Fortune 1000 company, McCormick has approximately 12,400 employees. The company headquarters moved from Sparks to Hunt Valley, Maryland in the third quarter of 2018.
A nutraceutical or 'bioceutical' is a pharmaceutical alternative which claims physiological benefits. In the US, "nutraceuticals" are largely unregulated, as they exist in the same category as dietary supplements and food additives by the FDA, under the authority of the Federal Food, Drug, and Cosmetic Act.
Associated British Foods plc (ABF) is a British multinational food processing and retailing company whose headquarters are in London, England. Its ingredients division is the world's second-largest producer of both sugar and baker's yeast and a major producer of other ingredients including emulsifiers, enzymes and lactose. Its grocery division is a major manufacturer of both branded and private label grocery products and includes the brands Mazola, Ovaltine, Ryvita, Jordans and Twinings. Its retail division, Primark, has over 370 stores spread over 15,642,000 sq ft (1,453,200 m2) of selling space across several countries, predominantly Germany, Ireland, Spain, and the UK. ACH Food Companies is an American subsidiary.
Cricket Natural Beverages are soda made with a green tea base. According to the manufacturer, every bottle contains two cups of green tea, and it is sweetened with cane sugar rather than high-fructose corn syrup. The drink does not contain any phosphoric acid, preservatives, artificial colors or flavors. Although not widely available, the manufactured flavors include cola in both sugar- and Splenda-sweetened varieties, Pomegranate Raspberry, Mandarin Orange, and White Peach. Cricket Natural Beverages was created by John and Mary Heron of Potomac, Maryland.
International Flavors & Fragrances is an American corporation that produces flavors, fragrances, and cosmetic actives, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 different countries. The company is a member of the S&P 500 Index.
Symrise AG is a major producer of flavours and fragrances with sales of €3.154 billion in 2018. Major competitors include Firmenich, Givaudan, International Flavors and Fragrances, Frutarom and Takasago International. Symrise is a member of the European Flavour Association.
Quest International was a major producer of flavors, fragrances and food ingredients with sales of £560 million in 2005 before its acquisition by rival Givaudan. Quest created and marketed flavours and fragrance concepts and solutions for the fast-moving consumer goods industries. With operations in 31 countries, Quest made ingredients for foods, snacks, beverages, personal care, fine fragrances, and home hygiene products.
Sensient Technologies is a global manufacturer and marketer of colors, flavors and fragrances based in Milwaukee, Wisconsin. Their products are used in many foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors. Sensient reported revenue of $1,468 million in 2013. Subdivisions include the Sensient Flavors & Fragrances Group and the Sensient Color Group. Within the Flavors & Fragrances Group is Sensient Natural Ingredients.
Monster Beverage Corporation is an American beverage company that manufactures energy drinks including Monster Energy, Relentless and Burn. The company was originally founded as Hansen's in 1935 in Southern California, originally selling juice products. The company renamed itself as Monster Beverage in 2012, and then sold their Hansen's juices and sodas and their other non-energy drink brands to The Coca-Cola Company in 2015.
BAZAN Group,, is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year. ORL provides a variety of products used in industrial operations, agriculture and transportation. ORL is Israel's largest integrated refining and petrochemical facility. The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region.
The TA-125 Index, typically referred to as the Tel Aviv 125 and formerly the TA-100 Index, is a stock market index of the 125 most highly capitalised companies listed on the Tel Aviv Stock Exchange (TASE). The index began on 1 January 1992 with a base level of 100. The highest value reached to date is 1247.92, in January 2011. On 12 February 2017, the index was expanded to include 125 instead of 100 stocks, in an attempt to improve stability and therefore reduce risk for trackers and encourage foreign investment.
Wild Flavors, Inc. is a manufacturer of flavors, colors, and food and beverage ingredients Its headquarters are in Erlanger, Kentucky and the firm is affiliated with Rudolf WILD GmbH & Co. KG and Dr. Hans-Peter Wild..
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