HAIFA, Israel—Frutarom Industries Ltd. signed an agreement to acquire the assets and business of the UK company Oxford Chemicals Ltd.
Oxford develops, produces and markets specialty ingredients for the flavor and fragrance industry. Oxford's activity is synergetic with Frutarom’s global Fine Ingredients Division, whose development laboratories and production facilities are located in the U.S., UK, Switzerland and Israel. The acquisition is expected to enhance the product offering of Frutarom's Fine Ingredients Division and its customer base around the world.