Frutarom shareholders approve transaction with IFF by a majority of 94.6%

USA - International Flavors & Fragrances Inc. (IFF) and Frutarom Industries Ltd. Have announced that Frutarom shareholders voted to approve the proposed combination of Frutarom and IFF at the special general meeting of Frutarom shareholders. According to Frutarom, of the votes cast at the special general meeting, 94.6% percent were in favor of the proposed…

IFF reports strong results of 9% net sales increase in the second quarter

USA - International Flavors & Fragrances, an American corporation producing flavors and fragrances and cosmetic actives, has reported strong results of 9% sales increase to US$920 million in its second quarter results. According to the company, the net sales of US$920 million was an increase of 9% from US$843 million in 2017, excluding the impact…

IFF enters a definitive agreement to acquire Frutarom for US$7.1bn

USA - International Flavors & Fragrances Inc. has announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. Frutarom makes natural colors, food ingredients, enzymes for customers including Unilever, Nestle and Coca…

IFF breaks ground on new flavors and fragrances plant in India

INDIA - International Flavors & Fragrances Inc. (IFF) has broken ground on a new flavors and fragrances plant located in Sri City, in the State of Andhra Pradesh in India. The new facility, which will be the largest flavor and fragrance manufacturing facility in India and the largest IFF site in Greater Asia, occupies a 32-acre/130,000m2…