This week, science and creativity officially met.
The $26.2 billion megamerger of International Flavors & Fragrances and DuPont Nutrition and Biosciences, officially completed on Feb. 1, solidifies IFF s place as one of the biggest players in the ingredients space. And the revamped company s brand identity, Where science and creativity meet, wraps up how IFF hopes to differentiate itself in the broader industry.
The merger brings together IFF s expertise in food flavors and fragrances and the former DuPont division s leading positions in probiotics, enzymes and food protection. The combined company has estimated 2020 pro forma revenue of more than $11 billion, and earnings before tax, interest, depreciation and amortization of approximately $2.5 billion, excluding synergies, according to a company statement. IFF says the combined company has leadership positions in taste, texture, scent, nutrition, enzymes, cultures, soy proteins and probiotics.