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IFF to divest fruit prep business in first step of portfolio optimization


Published Feb. 18, 2021
Courtesy of International Flavors & Fragrances
UPDATE: May 13, 2021: International Flavors & Fragrances reached an agreement to divest its food preparation business to Frulact, Chairman and CEO Andreas Fibig said in the most recent earnings call. Terms of the deal were not disclosed, and it is expected to be completed in the third quarter. On the call, Fibig said the business contributed about $17 million to IFF s segment sales in 2020, and this divestiture is the first step in the ingredient company s portfolio optimization strategy. Frulact is a European company that specializes in food and beverage preparation.
Dive Brief:
International Flavors & Fragrances is looking to divest some of its assets, Bloomberg reported, citing people who were familiar with the matter. The ingredients powerhouse just completed a $26.2 billion merger with the former DuPont Nutrition & Biosciences divisio ....

New York , United States , Noord Holland , Andreas Fibig , International Flavors Fragrances , Consumer Analysts Group Of New York , International Flavors , Dupont Nutrition , Consumer Analysts Group , Amsterdam Commodities , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நூற்த் ஹாலண்ட் , சர்வதேச சுவைகள் வாசனை திரவியங்கள் , நுகர்வோர் ஆய்வாளர்கள் குழு ஆஃப் புதியது யார்க் , சர்வதேச சுவைகள் , ட்யூபாஂட் ஊட்டச்சத்து , நுகர்வோர் ஆய்வாளர்கள் குழு , ஆம்ஸ்டர்டாம் பொருட்கள் ,