New alliance to market ingredients

Group "Frutarom", one of the largest suppliers of flavorings and food ingredients, has acquired 75% stake in CC PTI.

One of the largest companies in the world of manufacturing and selling flavors and food ingredients " Frutarom " and a group of companies PTI agreed the terms of a strategic alliance and intend to complete the transaction before the end of November .

ingredients on the market the company " Frutarom » (www.frutarom.com) known since 1933 , it designs, manufactures and markets a wide range of flavors and natural food ingredients for food , drinks, different flavor systems , food additives, pharmaceutical products , health food and cosmetics products. Total " Frutarom " produces more than 30,000 types of products , the company owns 27 manufacturing facilities in Europe, North America, Israel and Asia , employing more than 2,500 people . Frutarom Industries Ltd. a public company whose shares are listed on the Tel Aviv and London stock exchanges and market capitalization in excess of $ 1 billion .

PTI Group , founded in 1996 , is engaged in development , production and sale of food ingredients , which include flavors, spicy and aromatic blend , functional ingredients and protein foods - mainly for meat processing and production of semi-finished products . In

Press release issued on the occasion of the association president of the group " Frutarom " Ori Ehuday assesses the prospects of the deal : " PTI is a market leader in Russia , so the combination of local production with the support of a global company is to create a real advantage in a market that analysts estimate expects annual growth of 10 % over the next 5 years - this is higher than the predicted values ​​in Central Europe and the United States .

new agreement will strengthen global player in Central Europe, with assets of GK PTI . " Frutarom " takes a modern and successful company that has developed distribution and logistics in Russia and neighboring countries .

Mikael Aliyev , Director of Marketing Group PTI in turn expressed his confidence in the benefits of cooperation : "Our partnership is the first such deal in the Russian market ingredients. We believe that cooperation with the group " Frutarom " will enhance our ability to create innovative products and provide the best service to the food industry ».

Both sides believe in the successful integration of the business . " Frutarom " plans to increase its investment in research and development of new products that will fully meet the needs of the most discerning customers .