• Thu. Apr 18th, 2024

IFF Divests Cosmetic Ingredients Business to Clariant for Strategic Transformation and Sustainable Growth

BySamantha Jones

Apr 3, 2024
IFF Successfully Divests its Cosmetics Ingredients Business

Clariant, a specialty chemicals company that focuses on sustainability, has acquired IFF’s Cosmetic Ingredients business. The sale of this business will allow the Cosmetic Ingredients team to continue delivering innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

Erik Fyrwald, CEO of IFF, explained that the divestiture is a crucial step in the company’s strategic transformation to prioritize innovation and better serve target customers in core businesses. This move will enable IFF to make strategic growth investments, reduce debt, and lower interest costs. Fyrwald thanked 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. To learn more about IFF or contact media inquiries or investor relations please visit their website or social media channels.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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