Frutarom acquires iron delivery technology from AB-Biotics
Flavouring and fine ingredient producer Frutarom Industries announced on Tuesday that, via a subsidiary, it had signed an agreement with Spanish company AB-Biotics for the purchase of its iron delivery technology AB-Fortis.
Chemicals
9,131.55
13:40 26/04/24
Frutarom Industries Ltd GDR (Reg S)
$48.00
12:00 03/10/18
AB-Forits is a patent-protected micro-encapsulation technology that enables the delivery of iron with an increased level of biological absorption at the same time as sidestepping the metallic taste and digestive problems inherent in the application of dietary supplements and functional foods.
The transaction was completed upon signing and was financed by "independent means", meaning AB-Fortis would immediately join Frutarom's pre-existing fine ingredients framework.
As of 0900 GMT, shares in Frutarom had gained 1.38% on the day to ILA 28,630.00 each.