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IFF Successfully Divests its Cosmetics Ingredients Business

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.

As part of their strategic transformation, IFF is prioritizing innovation and better serving target customers in core businesses. The sale of the Cosmetic Ingredients Business will enable IFF to make strategic growth investments, reduce debt, and lower interest costs. Erik Fyrwald, CEO of IFF, 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. Their team collaborates with customers to develop scents, tastes, experiences, ingredients, and solutions that the world craves. By leveraging art and science

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