Prestige Beverage Group has completed the acquisition of Joia Spirit for an undisclosed sum, with the aim of business expansion.

Prestige Beverage is a wholesaler of wines, spirits and beers, while Joia Spirit is a manufacturer of premium vodka cocktails.

Both the companies involved in the acquisition are based in the US.

Zhoda Investments has completed the acquisition of the remaining 20% stake in a Croatian producer of premium organic red wines for Skr1.8m ($0.2m).

Zhoda Investments is an investment firm based in Sweden.

The company acquired an 80% stake in the organic winery in Dalmatia, Croatia, last year.

The acquisition enables Zhoda Investments to process its entire grape harvest into wine.

“The acquisition will allow Iberchem to rapidly expand its products portfolio while leveraging Versachem’s expertise.”

International Flavours and Fragrances (IFF) has completed the acquisition of Frutarom for $7.1bn.

The shareholders of Frutarom will receive $71.19 in cash and 0.249 of a share for each share held in IFF common stock, under the transaction approved by the board of directors of both the companies.

The acquisition will enable IFF to accomplish its Vision 2020 strategy to emerge as a global leader in natural taste, scent and nutrition.

Frutarom sells 700,000 products to more than 30,000 customers in over 150 countries, whereas IFF sells 46,000 products in more than 162 countries.

Iberchem has agreed to acquire a majority stake in Versachem for an undisclosed sum.

Founded by Rina Wulfsohn, Iberchem is an aromas and fragrances producer based in Spain, while Versachem is a food flavours and colours producer based in South Africa.

The acquisition will allow Iberchem to rapidly expand its products portfolio while leveraging Versachem’s expertise.

Empire Equipment Company has completed the acquisition of TruTemp Equipment, in addition to Norms Refrigeration.

Based in the US, the acquired companies are wholesalers and distributors of commercial foodservice equipment.

Empire Equipment is engaged in the supply of foodservice equipment for the US market.

The acquisition allows the company to establish a wholesale distribution channel for commercial foodservice equipment.