11.01.06
Frutarom Acquires Acatris HealthFrutarom Industries Ltd., Haifa, Israel, has signed an agreement to acquire Acatris Health for €10.5 million. Acatris Health, a global health ingredients company in Belgium and the Netherlands, is a member of the Dutch Royal Schouten Group N.V. Acatris Health is engaged in the development, production, sale and marketing of botanical ingredients for the dietary supplement and functional food markets. Acatris Health’s LifeLine product range includes Linumlife, Fenulife and Soylife, which feature both licenses and patents that effectively promote and protect the sales of these clinically-proven natural health ingredients.
With its staff of 38, Acatris Health achieved sales of $14.7 million (€1.6 million) in 2005 with margins similar to that of Frutarom’s Fine Ingredients Division. Frutarom expects that Acatris Health’s activities will grow in the coming years at an above-industry rate largely due to increased sales of its unique, branded proprietary patent
With its staff of 38, Acatris Health achieved sales of $14.7 million (€1.6 million) in 2005 with margins similar to that of Frutarom’s Fine Ingredients Division. Frutarom expects that Acatris Health’s activities will grow in the coming years at an above-industry rate largely due to increased sales of its unique, branded proprietary patent