Solbar Hatzor Ltd., of Ashdod, Israel announced today that it has acquired from International Flavors & Fragrances Inc. (NYSE:IFF) a line of texturized soy protein products formerly sold under the Bontrae™ trademark, together with certain related assets. The products are sold primarily for use in the manufacture of instant soups and ready meals to suit consumer needs for products with a meat-like texture or vegetable protein. No terms of the transaction were announced.
Solbar Hatzor Ltd. (www.solbar.com) is a pioneer in the world of soy proteins. Its process for manufacturing soy protein concentrates (SPC) was first patented in 1963. The company is also an industry leader in soy isoflavones with particularly high levels of genistin and genistein; the latter under the name Solbar Plant Extracts. The Solbar plant is located near Israel’s Ashdod seaport south of Tel Aviv. High quality, manufacturing flexibility and price competitiveness has made Solbar a preferred supplier to customers in over 50 countries on five continents.