AMITYVILLE, N.Y.–(BUSINESS WIRE)–Dec. 8, 1995–Technology Flavors & Fragrances Inc. (TORONTO: TFF), (”TFF”) today announced the acquisition of Seafla Inc., a Milford, Ohio Manufacturer of premium savory flavors, seasonings and cheese powders.

TFF purchased substantially all of Seafla’s assets for $4 million in cash and 750,000 shares of TFF restricted common stock.

Technology Flavors & Fragrances (TFF) develops and manufactures flavors and fragrances for use in a wide variety of popular beverages, confectioneries, foods, perfumes, tobaccos, and health and beauty products. Seafla’s savory flavors, seasonings, and cheese powders are used in the production of convenience foods, snack foods, condiments, bakery products, confectioneries, deli-foods, as well as meat, poultry and seafood products.The Seafla acquisition provides TFF with a broader product line, expanded manufacturing capabilities, cross marketing opportunities, additional current annual revenue in excess of $4 million, and a meaningful contribution to the bottom-line.

Commenting on the acquisition, Philip Rosner, chairman of TFF, said, “This is an important step in the continued growth of TFF. It will have substantial revenue impact on our company in the coming year. Seafla provides us with a full spectrum of savory flavors for the food and food related industries.”

Richard Higgins, Seafla’s president will retain that title and has been named senior vice president of TFF.e are excited that Richard Higgins has joined our team,” said Rosner. “With almost 40 years in this business, Richard is an outstanding executive, who built Seafla, and whose tactical strengths will be a valuable asset to TFF.”

Higgins stated, “I’m very much looking forward to the combining of the two companies. The chemistry here is outstanding. It gives us tremendous advantages in purchasing and manufacturing. It’s a great opportunity to grow much faster as a combined entity.”