Frutarom purchases flavors specialties, enhances U.S. flavor operations.(NEWS)

CORONA, CA -- Frutarom Industries Ltd. has agreed to purchase Flavors Specialties Inc. for $17.2 million, increasing Frutarom's U.S. presence.

Frutarom says it expects the acquisition to increase research and development capabilities for flavors, functional foods and health-benefit products.

In a …