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March 1, 2018
By: TOM BRANNA
Editor
ISRAEL: Frutarom Industries Ltd. has purchased 100% of the shares of IBR – Israeli Biotechnology Research Ltd. (IBR) for approximately $21 million. Established in 1995, IBR develops, manufactures and markets innovative and proprietary natural active ingredients for the cosmetics and dietary supplements industries, mainly for cellular and skin anti-aging, skin protection from UV rays and air pollution, skin whitening and pigmentation prevention. IBR’s product portfolio includes products that have won international cosmetics industry awards for scientific innovation. IBR has R&D labs and a production facility in Yavne, Israel and it employs approximately 30 staffers.
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