IFF (NYSE: IFF) has successfully sold its Cosmetic Ingredients business to Clariant, a specialty chemicals company that focuses on sustainability. This move will enable the business to continue providing innovative ingredients for cosmetics and personal care products as part of Clariant.
According to CEO Erik Fyrwald, IFF’s strategic transformation centers around delivering leading innovation to better serve customers in core businesses. By optimizing and streamlining their portfolio, the company aims to drive simplification and focus, ultimately allowing for more strategic growth investments while reducing debt and interest costs. Fyrwald thanked the Cosmetics colleagues for their dedication to excellence and wished them well in their new journey with Clariant.
IFF is a global leader in food, beverage, health, biosciences, and scent experiences. The company is committed to creating essential solutions for a better world through a combination of science and creativity. With a focus on partnerships with customers, IFF brings scents, tastes, experiences, ingredients, and solutions to meet the world’s needs. The company aims to make a positive impact on people and the planet. For more information visit iff.com or follow IFF on Twitter, Facebook
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