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Frutarom Acquires Israel Biotech Company

IBR manufactures proprietary natural active ingredients for cosmetics.

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By: Christine Esposito

Editor-in-Chief

Frutarom Industries Ltd. has purchased 100% of the shares of I.B.R – Israeli Biotechnology Research Ltd. for approximately $21 million. Established in 1995, IBR researches, 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 sales turnover in 2017 was approxim...

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