International Flavors & Fragrances to sell Savory Solutions to PAI Partners
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 […]