- Engagement Type: Sell-Side Advisory
- Primary Sector: Flavor Technology
Hagelin & Company, Inc. (“Hagelin”)
Hagelin & Company, Inc. (“Hagelin”), which engages in the development, production and marketing of flavors and unique flavor technologies for the food industry (with an emphasis on the growing sector of beverage flavors), was acquired by Frutarom Industries Ltd. (“Frutarom”), for a cash consideration of $52.4 million. With the acquisition, Frutarom, one of the world’s ten biggest companies in the flavors and fine ingredients industry, strengthens its foothold in the US market (the world’s biggest flavors market), and accelerates its penetration into the developing and fast-growing markets of Central and South America and Africa.
