Tag: IFF

International Flavour & Fragrances CEO Andreas Fibig to retire after 7 years at the helm

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USA – International Flavors & Fragrances Chairman and CEO Andreas Fibig has announced that he will retire, ending his successful 7-year stint at the company which is now the largest flavour and fragrance company in the world.    Without an able successor at the moment, Fibig is expected to stay in his position until a replacement is named by the company’s board of directors in early 2022.  Once a successor has been identified, the Veteran executive who has been with IFF for more than 10 years now will remain at IFF for a short time to ensure a…

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IFF debuts flavor for clean-label mayonnaise products, Duplaco ramps up algae production to meet soaring demand in Asia

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US – American producer of flavors and fragrances IFF has launched Guardian Chelox 30C, a natural flavor that offers antioxidant, texturizing and moisture retention properties for mayonnaise and mayonnaise-based dressings.   According to the food ingredients supplier, the new flavor is a plant-based blend that enables manufacturers to formulate without the addition of synthetic antioxidant ethylenediaminetetraacetic acid (EDTA).   The carrier-free, easy-to-use powder may be added to other dry ingredients without changing processing conditions, according to the company.  Its launch is in response to a need in the market for a product that can enable reformulation of  mayonnaise-based…

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IFF doubles down on portfolio optimization strategy with deal to sell microbial control unit to Lanxess for US$1.3 billion

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USA – International Flavors & Fragrances (IFF) has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess as part of the company’s portfolio optimization strategy.  According to a statement from the companies, the deal is valued at US$1.3 billion and is expected to close in the second quarter of 2022.  IFF, which produces flavors, fragrances, and cosmetic actives, said the cash proceeds from the deal will be primarily used to reduce outstanding debt.  Reuters reported last month that IFF had short-listed Lanxess and private equity-owned LSI…

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IFF launches new solution to support clean label baking in South America

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BRAZIL- IFF, a leading food ingredient supplier, has unveiled a new, innovative bakery solution aimed at helping South American bakers produce clean label bread and pastries.  Known as GRINDSTED® POWERBake Clean, the new solution is a blend of soy lecithin, enzymes, and natural soluble fiber and is an alternative to the dough strengtheners currently used in bread formulations. Its use, therefore, makes it possible to avoid the use of oxidizing agents that are traditionally used in bakery, some of which have names that consumers are unfamiliar with.  Hopping on the clean label bandwagon  With IFFs new ingredients,…

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IFF launches new ingredient to boost the probiotic profile of Chinese ambient yogurt

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CHINA – IFF, a leading ingredient provider for the food and beverage industry, has launched a new ingredient aimed at boosting Chinese ambient yogurt with extremely robust live cultures. IFF says the new ingredient, YO-MIX® ViV, is a lactic acid bacteria culture from natural fermented plant-based food, sourced in China. According to the company, the live culture allows producers to offer ambient yogurt and other fermented beverages to contain highly stable live cultures throughout the shelf life. “YO-MIX® ViV provides yogurt producers with the ability to offer consumers who prefer…

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IFF agrees to sell fruit preparation business in pursuit of portfolio optimization

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NEW YORK —American ingredients supplier, International Flavors & Fragrances has agreed to divest its fruit preparation business to Portuguese based food ingredients supplier Frulact,  for an undisclosed sum. IFF’s fruit preparation business produces fruit, vegetable, herb, meat and fish preparation systems for the food, beverage and pet food markets. A statement from IFF revealed that the business, whose divestment is expected to close in the third quarter, contributed about US$70 million to sales in 2020. The division will now become part of Frulact which globally serves a range of dairy,…

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IFF introduces new anti-staling enzymes in China amid boom in sweet baked goods

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CHINA – International Flavour and Ingredients (IFF) is launching a new range of bakery enzymes for the Chinese market touted as improving productivity and reducing product returns. The enzymes, Powerfresh and Powersoft are marketed under the Danisco range of food ingredients that is now part of the IFF family. IFF in a statement said that consumers in China are looking for a more refined quality and a more indulgent experience from baked goods. Consequently, improver houses and bakeries in the country, have been working tirelessly to make products that enhance…

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IFF, DuPont’s Nutrition & Biosciences merger creates new global ingredients and solutions leader

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US – IFF has completed  the previously announced merger of IFF and DuPont’s Nutrition & Biosciences (“N&B”) business, creating a new global ingredients and solutions leader. As a result of the completion of the transaction, DuPont has received a one-time US$7.3 billion cash payment, subject to adjustment. Additionally, effective at transaction close, DuPont shareholders own 55.4% of the combined company and IFF’s shareholders own 44.6%. “We are thrilled to officially unite IFF and N&B, forging a leader in the global consumer goods and commercial products value chain that will redefine…

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