USA – International Flavors & Fragrances has acquired The Additive Advantage (TAA), a US based novel technologies company to expand its innovation capabilities in scent, taste and active ingredients.
IFF, which is world leading flavors and fragrances company is looking to leverage on TAA’s expertise in developing novel technologies with diverse capabilities that span applications and industries.
TAA was founded in 2006 and will provide the expertise to develop the next-generation delivery systems technology platform that will enable the printing of flavors, fragrances, cosmetic and health & nutrition actives onto a variety of consumer products.
“The acquisition of TAA helps to expand our large portfolio of offerings to customers in a truly unique way – through print technology.
With the expertise that this talented group of people brings under our roof, we envision taking delivery systems to a completely new level and ultimately enriching how consumers experience our customers’ products,” said IFF Chairman & CEO Andreas Fibig.
Based in North Reading, Massachusetts, TAA has a distinctive portfolio serving a wide-range of businesses including pharmaceutical, industrial products, packaging, food and beverage.
It has a research laboratory, engineering facility and sales office in North Reading, Massachusetts.
“We are genuinely excited to welcome our new colleagues to the IFF R&D family,” said Dr. Gregory Yep, Chief Scientific and Sustainability Officer for IFF.
“This is the type of technology that cuts across all our business units and spurs innovation across the company – creating excitement for our teams and for our customers.”
The deal comes when IFF has embarked on innovation to develop customer-centered flavors.
The company partnered digital olfaction technology-based firm, Aryballe to develop odor-sensing and quality control applications in the food, fragrance, cosmetics and other industries.
IFF acquired Israeli flavours rival Frutarom for US$7.1 billion last year, and claims to be world’s number one natural flavours and ingredients company with combined revenues of US$5.3 billion.