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IFF Completed Divestiture of Microbial Control Business

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IFF (NYSE:IFF) has successfully completed the divestiture of its Microbial Control business unit to LANXESS. This strategic move is part of IFF's ongoing efforts to streamline its operations and focus on core areas of business, which include food, beverage, health, biosciences, and scent. The company aims to leverage science and creativity to create innovative solutions for a sustainable future.

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  • Successful divestiture of the Microbial Control business unit enhances focus on core business areas.
  • Strategic move is aimed at streamlining operations.
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NEW YORK--(BUSINESS WIRE)-- IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Microbial Control business unit to LANXESS.

Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, 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.

© 2022 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.

Michael DeVeau

Chief Investor Relations & Communications Officer

212.708.7164

Michael.DeVeau@iff.com

Source: IFF

FAQ

What recent divestiture did IFF announce?

IFF announced the completion of the divestiture of its Microbial Control business unit to LANXESS.

How does IFF plan to streamline its operations?

IFF plans to streamline operations by divesting non-core business units, including the Microbial Control unit.

What is the strategic focus of IFF after the divestiture?

After the divestiture, IFF aims to focus on its core areas such as food, beverage, health, biosciences, and scent.

International Flavors & Fragrances Inc.

NYSE:IFF

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23.05B
255.53M
0.06%
93.66%
1.41%
Specialty Chemicals
Industrial Organic Chemicals
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