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Abonner Frutarom Industries Ltd.

Frutarom Industries Ltd.

Emil Flachsmann AG - Change of name to Frutarom Switzerland Ltd.

Wädenswil (ots)

In June 2003, Frutarom Industries Limited
acquired Emil Flachsmann AG. Flachsmann will be integrated completely
into the Frutarom Group as a distinguishable new member and will be
given a new name with immediate effect, namely Frutarom Switzerland
Ltd. The new company name will combine the strengths of the two
companies, the goal being to strengthen the company's position on the
worldwide market for flavors and plant extracts. As to date, the new
name will stand for quality, service, and reliability. Moreover, the
core values - the foundations of the company - will continue to be
upheld. The names "Flachsmann" and "EFLA" will continue to be used
and communicated actively as brands and seals of quality.
Integration
Integration measures are proceeding according to plan. The
definition of future locations as well as a network of distributors
and agents has been practically concluded. Thanks to synergies with
the Frutarom product range, Flachmann's range of products to date -
high quality flavors and plant extracts - will be complemented in a
most promising manner. Over the course of the next few months, the
flavor portfolios of Flachsmann and Frutarom will be brought together
and mutually completed to ensure optimum results. Frutarom's
internationally renowned citrus flavors constitute a major enrichment
for the product range. Services such as flavor analysis, creation,
and application in the areas beverages, dairy products, sweets and
confectionery will continue to be provided in a most competent
manner. Within the Frutarom Group, Flachsmann plant extracts will
play a very important role. The location in Waedenswil will be
advanced to become an international competence center for first-rate
Flachsmann plant extracts. Focus will continue to be placed on
extensive R&D activities, on the competent drawing up of
documentation as well as on technologically superior, standardized
and partially patented extraction procedures. We will continue to
adhere to the philosophy of a multi-component system. The brands
"Flachsmann" and "EFLA" support the positioning of products on the
global market as well as reflecting our active patents policy.
Perspectives
Frutarom Switzerland Ltd. will contribute significantly to
strengthening and consolidating the global standing of the Frutarom
Group. In the flavors and plant extracts industry, with a sales
volume exceeding US$ 150 million, the Frutarom Group is an important
player.

Kontakt:

Frutarom Switzerland Ltd.
PR & Communication
Mrs Susanne Fässler
Rütiwisstrasse
8820 Wädenswil
Switzerland
Tel. +41/1/782'64'64
Fax +41/1/782'64'66
E-Mail: info@ch.frutarom.com
Internet: www.frutarom.com