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Cosmetics Ingredients Business Divestiture Successfully Completed by IFF

Byeditor

Apr 3, 2024

IFF (NYSE: IFF) announced today that it has successfully completed the sale of its Cosmetic Ingredients business to Clariant, a specialty chemicals company with a focus on sustainability. This move will allow the business to continue providing innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

CEO of IFF, Erik Fyrwald, stated that the company’s strategic transformation is centered around delivering leading innovation to better serve target customers in core businesses. By optimizing and streamlining their portfolio, IFF aims to drive simplification and focus, ultimately allowing for more strategic growth investments while reducing debt and interest costs. Fyrwald expressed gratitude to the Cosmetics colleagues for their dedication to excellence and wished them well in their new journey as part of Clariant.

IFF, a global leader in food, beverage, health, biosciences, and scent experiences, is committed to creating essential solutions for a better world through a combination of science and creativity. With a focus on partnerships with customers, IFF brings scents, tastes, experiences, ingredients, and solutions to meet the world’s needs. Together, the company aims to make a positive impact on people and the planet. Learn more at iff.com and follow IFF on Twitter, Facebook, Instagram, and LinkedIn.

For more information, visit the source version of this press release on businesswire.com or contact IFF’s Media Relations at 332.877.5339 or Investor Relations at 212.708.7263.

By editor

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