Frutarom (TASE:FRUT) is mulling a Wall Street offering, Ma'ariv reports.

The Haifa-based company, which makes flavor and fragrance compounds for the food, pharmaceuticals, cleansers and cosmetics industries, reportedly hopes to raise up to $50 million for investment in corporate acquisitions in the United States and England.

Frutarom has already expanded widely, setting up operations in the U.S., Turkey, Russia, South America and throughout Asia.

Frutarom, headed by president and CEO Ori Yehudai, is a subsidiary of ICC Industries, a privately-owned U.S. company owned by John J. Farber.