International Flavors & Fragrances Inc. (IFF) has announced the completion of its divestiture of the Flavor Specialty Ingredients (FSI) business to Exponent, a UK-based private equity firm. The transaction, which was previously announced in February 2023, garnered cash proceeds of $220 million. International Flavors & Fragrances Divests Flavor Specialty Ingredients Division The Flavor Specialty Ingredients […]
US-based International Flavors & Fragrances (IFF) has agreed to sell Savory Solutions Group to French private equity firm PAI Partners for an enterprise value of approximately $900 million. International Flavors & Fragrances will use cash proceeds net of taxes and expenses to reduce outstanding debt. The sale of Savory Solutions Group is anticipated to help […]
International Flavors & Fragrances (IFF) has agreed to acquire DuPont’s Nutrition & Biosciences (N&B) business in a $26.2 billion deal to create a combined company valued at $45.4 billion. Upon closing of the deal, DuPont’s shareholders will hold a 55.4% stake in the new company, while existing IFF shareholders will own the remaining stake of […]