IFF Successfully Divests its Cosmetics Ingredients Business

IFF Completes Divestiture of Cosmetic Ingredients Business to Clariant, Strengthening Focus on Innovation and Core Businesses

IFF (NYSE: IFF) has successfully completed the divestiture of its Cosmetic Ingredients business to Clariant, a specialty chemicals company focused on sustainability. This move allows the Cosmetic Ingredients business to continue delivering innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

Erik Fyrwald, CEO of IFF, highlighted that the 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 Ingredients Business will enable IFF to make strategic growth investments, reduce debt, and lower interest costs. Fyrwald expressed gratitude to the Cosmetics colleagues for their dedication to excellence and wished them success in their new journey.

IFF is a global leader in food, beverage, health, biosciences, and scent experiences, where the intersection of science and creativity results in essential solutions for a better world. Their team collaborates with customers to develop scents, tastes, experiences, ingredients, and solutions that the world craves. 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.

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