In Brief: Technology Flavors & Fragrances
This article was originally published in The Rose Sheet
Executive Summary
Technology Flavors & Fragrances: Amityville, NY-based flavor and fragrance manufacturer has signed letter of intent to acquire Milford, OH-based SeaFla, a manufacturer of flavors and food seasonings, for $4 mil. Pending approval of the deal by the Toronto Stock Exchange, the acquisition is scheduled to be completed by Nov. 1. The SeaFla acquisition would "help drive revenues to over...$20 mil. immediately" and "make significant contributions to TFF's bottom line," TFF noted. Two years ago, TFF purchased F&C International's fragrance business for $4.7 mil. ("The Rose Sheet" July 26, 1993, p. 8)...