Frutarom Investments Buys South African Firm for Up to $46 Million
Translated & summarized from TheMarker by baba
Frutarom Investments is acquiring 93.25% of South African company Brenn-O-Kem (BOK) for up to $46 million. BOK processes wine industry byproducts into natural ingredients and expects $9 million EBITDA in 2026. The deal is part of Frutarom's growth strategy, with its stock rising 5.5% following the announcement.
The story in 5 lines · by baba
- Frutarom Investments will acquire 93.25% of South Africa's Brenn-O-Kem (BOK) for up to $46 million.
- BOK specializes in natural ingredients derived from wine industry byproducts.
- The South African firm projects $9 million EBITDA in 2026.
- Frutarom's stock increased 5.5% following the acquisition announcement.
- Frutarom's shares have declined 37% since its February IPO.
Frutarom Investments, managed by Zachi Barak, announced Thursday it has signed an agreement to acquire 93.25% of South African company Brenn-O-Kem (BOK). BOK specializes in processing byproducts from the wine industry into natural ingredients for the food, beverage, dietary supplement, and pharmaceutical sectors.
BOK projects an EBITDA of approximately $9 million in 2026. This acquisition follows a series of deals Frutarom has made in the past year as part of its strategy to accelerate growth. Frutarom's stock rose 5.5% in response to the announcement. The company's shares have fallen about 37% since its IPO in February.