• Wed. Apr 17th, 2024

IFF’s Strategic Transformation: Prioritizing Innovation and Sustainability Through the Sale of Cosmetic Ingredients Business to Clariant

BySamantha Jones

Apr 3, 2024
IFF Successfully Divests its Cosmetics Ingredients Business

Clariant has recently acquired IFF’s Cosmetic Ingredients business, a specialty chemicals company focused on sustainability. The sale of the business will enable IFF to prioritize innovation and better serve target customers in core businesses, while also allowing 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 this move is part of the company’s strategic transformation to prioritize innovation and better serve 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. 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. 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.

For media inquiries, contact Paulina Heinkel at 332.877.5339 or media.request@iff.com. For investor relations

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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