Israel’s ICL to acquire German ingredients producer Hagesud

18 December 2013 10:12  [Source: ICIS news]

LONDON (ICIS)--Israel-based producer Israel Chemicals Limited (ICL) said on Wednesday that it has agreed to acquire Hagesud Group, a Germany-headquartered producer of spice blends and food ingredients.

The transaction includes all operating assets of the business, including 200 employees and production and storage facilities in Hemmigen, Dortmund and Ottensoos, Germany. The deal value was not disclosed.

Hagesud specialises in ingredients for the meat processing sector, and will become part of ICL’s food specialties arm, the company added.

By: Tom Brown
+44 208 652 3214

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