date:Dec 27, 2019
Also, the other major strategy of the market players is acquisition. Acquisitions help companies to increase their production capacity, product portfolio, as well as regional presence.
For instance, in October 2018, International Flavors and Fragrances, Inc completed the acquisition of Frutarom.
With the help of this acquisition, the company acquired over 50 manufacturing sites. It also helped in expanding the companys core product portfolio with the addition of other natural flavours.
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