International Flavors & Fragrances

International Flavors & Fragrances Overview

International Flavors & Fragrances Inc (IFF) focuses on chemicals and other products. The company creates unique scents and tastes in fine fragrances and beauty, detergents and household goods, as well as foods and beverages. International Flavors And Fragrances Ingredients Ltd, the Israeli branch, was formed by the acquisition of Aromor (Now IFF Ingredients) in 2014 which continues to operate as a sperate R&D, and later with the addition of Frutarom and Enzymotec in 2018, IFF Israel also operates Israeli Biotechnology Research (IBR) center in Yavne which develops Lucas Meyer Cosmetics

Latest News

Oct 20, 2020 · seekingalpha.com

growth-negative

International Flavors & Fragrances to delist in Tel Aviv (NYSE:IFF)

International Flavors & Fragrances (IFF) has announced that it will voluntarily delist its shares from trading on the Tel Aviv Stock Exchange. The delisting is expected to be effective on January 20, 2021. However, IFFs shares will continue to be listed on the New York Stock Exchange, and all shares currently traded on the TASE will be transferred to the NYSE. This news has had a negative impact on the companys growth, as evidenced by the 11.99% decline in IFFs shares year-to-date.

Public Trading

Dec 16, 2019 · en.globes.co.il

growth-positive

IFF-DuPont merger forms $45b flavorings giant

International Flavors and Fragrances has merged with the nutrition unit of DuPont. DuPont will hold a 55.4% stake in the merged company, which will have a valuation of more than $45 billion. IFFs share price is down 4.73% in afternoon trading on the TASE.

Acquisition

Jan 20, 2019 · en.globes.co.il

growth-positive

IFF CEO: Buying Frutarom has transformed us

International Flavors and Fragrances (IFF) completed the acquisition of Israeli company Frutarom in October 2018. The deal, worth $6.37 billion, saw IFFs shares listed on the Tel Aviv Stock Exchange (TASE), in addition to its listing on the New York Stock Exchange. Despite upheaval in the capital markets, IFFs share price has remained relatively stable. The acquisition has given IFF a significant base in Israel, including Frutaroms plant and facilities in Haifa Bay and the plant and development center of Enzymotec in Migdal HaEmek. IFF now has a total of 400 employees in Israel out of 13,000 employees worldwide.

AcquisitionExpand

May 7, 2018 · www.calcalistech.com

growth-positive

IFF to Acquire Frutarom for $7.1 Billion

International Flavors & Fragrances Inc. (IFF) is acquiring Israel-headquartered flavor and fragrance company Frutarom Industries Ltd. for $7.1 billion. The deal is pending regulatory approval and approval from shareholders. IFF will pay 67% in cash and 33% in stock for Frutarom. The acquisition will be financed by IFF with cash reserves, debt financing, and an offering of $2.2 billion. Frutaroms research and development and manufacturing operations will remain in Israel for at least three years following the closure of the deal. Frutarom will become a subsidiary of IFF, and IFF will list on the Tel Aviv Stock Exchange. Frutarom was represented in the deal by Bank of America Merrill Lynch, Wachtell, Lipton, Rosen & Katz, and Naschitz, Brandes, Amir Co. IFF was represented by Morgan Stanley, Cleary Gottlieb Steen & Hamilton LLP, and Gornitzky & Co.

Acquisition

Jan 15, 2014 · en.globes.co.il

growth-positive

IFF to acquire Aromor Flavors for $88m

Aromor Flavor and Fragrances Ltd. is being acquired by International Flavors & Fragrances Inc. for $88 million. The acquisition will result in a positive impact on the companys growth. Aromor will remain in Israel for at least 15 years after the acquisition. The company has 80 employees, 20 of whom are members of Kibbutz Givat Oz. The acquisition will result in Kibbutz Givat Oz and a group of former Makhteshim executives grossing $44 million each. The sale of Aromor is part of a growing trend of sales of know-how and infrastructures developed by Israeli companies to foreign companies. The Kibbutz Industry Association chairman sees the sale as a cause for celebration.

Acquisition

Team Members

5

Employees: 51-200

Web & Social Links

Locations

Yavne, Israel

Ha-Yetsira Street 3, Ramat Gan, Israel

Givat Oz, Israel

New York, NY, USA

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