Israeli flavors and fine ingredients company Frutarom is poised to break the record of the most acquisitions made by a single company in the space of a year as it announced its 10th acquisition for 2015.

The current record is held by Massachusetts-based Alere Global, who bought 10 companies in 2007. Frutarom has now matched this achievement with the purchase of 79 percent of the shares of Spanish natural ingredients company Nutrafur, based on a company value of €13.1 million. The transaction was completed upon signing and will be financed using bank credit.

Frutarom Group President and CEO, Ori Yehudai, said, “Over the last few months Frutarom has made a major leap forward strengthening its position as a leading global producer of natural specialty ingredients and the acquisition of Nutrafur fits in well with our rapid and profitable growth strategy while deepening and expanding Frutarom’s activity in the growing field of natural plant extracts and anti-oxidants for food products. We will continue investing in considerably expanding our global activity in this important and growing field both by means of acquisitions and through collaboration with universities, research institutes and innovative product development startup companies.”

With an entire quarter of the year remaining, Frutarom has plenty of time to seek out one – or more – further target.