April 23, 2024 3:12 pm
IFF Successfully Divests its Cosmetics Ingredients Business

IFF (NYSE: IFF) has sold its Cosmetic Ingredients business to Clariant, a specialty chemicals company that focuses on sustainability. This move allows the Cosmetic Ingredients business to continue delivering innovative ingredients for cosmetic and personal care products as part of Clariant.

Erik Fyrwald, CEO of IFF, stated that this divestiture is part of the company’s strategic transformation to prioritize innovation and better serve target customers in core businesses. The sale of the Cosmetics business will enable IFF to make strategic growth investments, reduce debt, and lower interest costs. Fyrwald thanked the Cosmetics colleagues for their dedication to excellence and wished them success on their new journey.

IFF is a global leader in food, beverage, health, biosciences, and scent experiences. Their team collaborates with customers to develop scents, tastes, experiences, ingredients, and solutions that are essential for a better world. By leveraging art and science, IFF aims to do more good for people and the planet. Learn more about IFF on their website and social media channels.

For media inquiries, contact Paulina Heinkel at 332-877-5339 or media.request@iff.com. For investor relations

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