Frutarom Industries Ltd (FRUT)

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Company Description

Frutarom Industries Ltd was established in Israel in 1933. The Company develops, produce and market flavors and fine ingredients used to in the manufacture of food, beverage, flavor, fragrance, pharmaceutical/nutraceutical and personal care products. The group operates in two segments: the Flavors and the Fine Ingredients. The Flavors segment develops, produces, markets and sells sweet and non-sweet (savory) flavor solutions. Products of the Flavor segment include flavors along with products which contain - aside from flavors - fruit or vegetable ingredients and other natural ingredients (food systems) which are used mainly in the manufacture of foods, beverages and other consumer products. The Specialty Fine Ingredients segment develops, produces, markets and sells natural flavor extracts, natural functional food ingredients, natural pharmaceutical/nutraceutical extracts, essential oils, citrus products, aroma chemicals, natural gums and stabilizers. The Specialty Fine Ingredient products are sold primarily to the food, beverage, flavor, fragrance, pharmaceutical/nutraceutical and personal care industries. Flavor and fragrance manufacturers use fine ingredients products as the building blocks for the flavor and fragrance compounds they manufacture. It operates production facilities in Europe, America, Israel and Asia. The competitors are mainly specialized pharmaceutical/nutraceutical companies such as Indena S.p.A., Naturex, Martin Bauer GmbH & Co. and KG, as well as a number of small start-up companies. The competitors also include companies such as Treatt plc which focus on the manufacture of essential oils. Additional competitors are specialized aroma chemicals manufacturers such as Aromor, Fontarome and Bedoukian Research. The Company is subject to various rules relating to health, work safety and environment at the local and international levels in the various countries where it operates...