IFF Completes Divestiture of Cosmetics Ingredients Business
02 Abril 2024 - 10:00PM
Business Wire
IFF (NYSE: IFF) today announced that it has completed the
previously announced divestiture of its Cosmetic Ingredients
business to Clariant, a sustainably focused specialty chemicals
company. As a part of Clariant, the business will continue to
deliver innovative ingredients for the cosmetic and personal care
product portfolio.
“At IFF, our strategic transformation is focused on bringing
leading innovation to best serve target customers in our core
businesses,” said IFF CEO Erik Fyrwald. “To do this, we are
optimizing and streamlining our portfolio to drive simplification
and focus. The sale of IFF's Cosmetic Ingredients Business
represents another significant step that will enable us to make
more attractive strategic growth investments as we reduce our debt
and interest costs. We want to thank our Cosmetics colleagues, who
are dedicated to excellence in service. We wish them all the best
for their new journey.”
Welcome to IFF
At IFF (NYSE: IFF), an industry leader in food, beverage,
health, biosciences, and scent experiences, science and creativity
meet to create essential solutions for a better world – from global
icons to unexpected innovations and experiences. With the beauty of
art and the precision of science, we are an international
collective of thinkers who partners with customers to bring scents,
tastes, experiences, ingredients and solutions for products the
world craves. Together, we will do more good for people and planet.
Learn more at iff.com, Twitter, Facebook, Instagram, and
LinkedIn.
© 2024 by International Flavors & Fragrances Inc. IFF is a
Registered Trademark. All Rights Reserved.
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Media Relations: Paulina Heinkel 332.877.5339
Media.request@iff.com
Investor Relations: Michael Bender 212.708.7263
Investor.Relations@iff.com
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