Israeli Frutarom acquires Amco

Israeli flavoring and fine ingredients company, Fruratom Industries has purchased a 75 percent stake in Polish spice mix producer, Amco for $20.7 million (roughly PLN 82 million), Puls Biznesu reported. "Taking over Amco is in line with our strategy of dynamic growth. Thanks to that, we will enter an important market i.e. Poland, by acquiring a modern production base which will allow us to improve our supply chain," Ori Yehudai, the CEO at Frutarom told the daily. Fruratom has already opened a branch in Poland which employs 18 people, Amco's staff amounts to 70 employees.