International Flavors Buys 60% Of Mighty, Expands In Asia
Zacks Investment Research | Jan 20, 2019 08:17PM ET
International Flavors & Fragrances Inc. (NYSE:IFF) recently announced that its Frutarom Division has completed the previously announced buyout of 60% share capital of Thailand-based leading savory solutions company — The Mighty CO. LTD. (“Mighty”).
Established in 1989, Mighty produces, develops and markets reaction flavors, with a proficiency in savory solutions. The company has a portfolio of marinades, seasoning blends, flavors and specialty functional raw materials for the food and beverage industry.
The deal is in sync with Frutarom Division’s growth strategy in Southeast Asia as well as pursuing attractive companies. Moreover, the company is committed to grow its capabilities in savory solutions.
Shares of the International Flavors have underperformed the Zacks Investment Research
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