18 June 2015
ABOUT TAURA NATURAL INGREDIENTS
Taura was founded in 1973
as part of a New Zealand agricultural co-operative.
Today Taura has evolved into a world leading player
in concentrated and texturized fruit ingredients,
possessing efficient state-of-the-art manufacturing facilities
in New Zealand and Belgium along
with sales offices in the United States and in the UK,
with an overall workforce totaling 130 employees.
Taura engages in the development, production and
marketing of innovative solutions
through its unique
Ultra Rapid Concentration (URC®) technology
for delivering market-leading natural fruit ingredients
in terms of flavor, functionality and consumer experience
to a wide range of food products,
particularly healthy snacks, breakfast cereals, confectionery,
convenience foods and baked goods.
Taura’s URC® ingredients raise the percentage of
the final product's fruit content, improve and enhance flavor and
texture as well as lengthen shelf life using only natural ingredients
for flavors, colors and preservatives
– qualities benefiting from the rapidly growing trend
toward healthier, more natural foods
that are lower in sugar and calories.
Taura's sales over the 12 months ending March 31, 2015
reached approximately US$ 40 million1 .
Taura has a broad customer base that includes
leading global and national food and beverage makers
in the United States, the Asia-Pacific region and Europe.
DETAILS
Frutarom Industries Ltd. ("Frutarom"),
one of the world's 10 largest companies
in the field of flavors and specialty fine ingredients,
continues implementing its rapid growth strategy and
announces today that it has signed
a purchase agreement for the acquisition of 100% of
the share capital of the Australian company
Taura Natural Ingredients Holding Ltd. ("Taura")
in exchange for a cash payment of approximately US$ 70.0 million.
Taura was purchased without any debts and
holding cash amounting to approximately US$ 2.5 million.
The purchase agreement includes
payment of an additional amount of approximately US$ 3.5 million
conditional on Taura's business performance
over the 12 month period ending June 30, 2016.
The transaction will be financed using bank credit.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
