Frutarom acquires Chr. Hansen’s savory business

Frutarom Industries Ltd. has signed an agreement to acquire the savory activity and assets of Chr. Hansen A/S in Germany for approximately US$ 7.3 million. Chr. Hansen’s savory business had 2008 sales (ending Aug. 31, 2008) of approximately US$ 7.7 million, and in just the last nine months, sales reached approximately US$ 7 million. The Savory Functional Systems activities of Chr. Hansen develops, produces, and markets savory solutions, including flavors, seasoning compounds, and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.