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Frutarom buys 70% of ice cream ingredients manufacturer
19 Mar 2019IFF’s Frutarom division has completed the acquisition of a 70% stake in Leagel, a family-owned company based in San Marino, Italy that produces ice cream and gelato ingredients.
IFF’s Frutarom division has completed the acquisition of a 70% stake in Leagel, a producer of ice cream and gelato ingredients in Europe. A family-owned company based in San Marino, Italy, Leagel specializes in artisanal taste, texture and toppings sold directly to ice cream and gelato shops.
“The purchase of the stake in Leagel aligns well with our strategic acquisition in 2017 of SDFLC Brasil Indústria E Comércio, a top Brazilian producer of taste solutions for ice creams and desserts,” said Amos Anatot, President of IFF's Frutarom Division. “We see great opportunities to combine these companies and create a global platform for our ice cream ingredients business, expand our geographic reach and leverage cross-selling opportunities.”Leagel has 61 employees serving 1,600 direct customers and distributors, with a geographic reach that includes 25 countries in Europe. The company’s portfolio includes a wide spectrum of offerings, from individual artisanal ingredients to a full suite of products and equipment for the gelato and ice cream retailer. IFF retains an option for the residual 30% stake in Leagel to be exercised after three years.Related news
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