Frutarom takes majority stake in Pti

Frutarom completed the acquisition of 75% of the share capital of PTI with a call option exercisable by Frutarom within three years to acquire the remaining 25%. PTI, which generated about USD 111 million in sales in 2012, operates two production sites near Moscow and a Moscow‑based R&D, sales, and marketing hub plus 25 distribution centers across Russia and neighboring countries, making it a regionally strategic platform in the savory and processed‑meat ingredients segment. The founders and key managers retain management roles and minority equity stakes, ensuring continuity and cultural alignment, while Frutarom leverages PTI’s assets to expand its savory‑flavor and functional‑ingredients range, strengthen its production and distribution infrastructure in Russia, and deepen its position in both developed and emerging markets. Synergies are expected to arise from cross‑selling, shared R&D, and joint product development, as well as from rationalization of certain supply‑chain and logistics activities, consistent with Frutarom’s broader strategy of being a preferred global partner in tasty and healthy food solutions.