Articles from International Flavors & Fragrances Inc.

IFF (NYSEIFF) today announced the grant of employment inducement awards to J. Erik Fyrwald, IFF Chief Executive Officer and member of the Board of Directors.

IFF (NYSEIFF)—a world leader in food and beverage, home and personal care, and health—has been named the top American Company for gender equality and tenth globally by Equileap, a leading organization providing data and insights on gender equality in the corporate sector.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the fourth quarter and full year ended December 31, 2023.

IFF (NYSEIFF) today announced the appointment of J. Erik Fyrwald to succeed Frank Clyburn as Chief Executive Officer and member of the IFF Board of Directors, effective Feb. 6, 2024. Clyburn will work closely with Fyrwald to ensure a seamless transition, remaining with IFF until March 31, 2024, and further serving in an advisory capacity through December 2024.

IFF (NYSEIFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF’s Cosmetic Ingredients business unit for $810 million. Reporting through IFF’s Scent division, IFF’s Cosmetic Ingredients business unit develops, manufactures and markets innovative ingredients for the cosmetic and personal care industry, including active ingredients, functional ingredients and delivery systems, primarily through the Lucas Meyer Cosmetics brand. Cash proceeds from the proposed transaction—net of taxes and expenses—will be used to reduce outstanding debt.

With heavy hearts and deep sadness, IFF (NYSEIFF) shares the recent passing of Dale F. Morrison, Chair of the IFF Board.

IFF (NYSEIFF) has been notified that TRC Capital Investment Corporation has made an unsolicited “mini-tender offer” to purchase up to 1,500,000 shares of the Company’s common stock, and, per a press release issued by TRC on March 20, has amended the terms of such offer to decrease the offer price payable from $89.95 to $81.60 per share in cash. TRC Capital Investment Corporation’s offer price is approximately 1.4% lower than the $82.76 closing price of IFF’s common stock on March 17, 2023, the last trading day prior to the date of the amended offer.

IFF (NYSEIFF) today announced the next phase of the evolution of its Board of Directors, to support the ongoing execution of the company’s strategic transformation and long-term financial vision.

IFF (NYSEIFF) today announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds. FSI reports through IFF’s Scent division and is a leading manufacturer of synthetic and natural base aroma chemicals used in the flavor market. Cash proceeds from the transaction, net of taxes and expenses, will be used to reduce outstanding debt.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the fourth quarter and full year ended December 31, 2022.

IFF (NYSEIFF) today announced that EDGE—the leading global assessment and business certification for gender and intersectional equity—has recertified the company as EDGE Move level globally. The marks the first—and currently the only—time a company has earned this level of recognition twice. The company also added an EDGEplus to its certification for its commitment to broader workplace diversity and intersectional issues. The assessment encompassed 27 countries, giving IFF the distinction of having the largest number of EDGE-certified countries at one time.

IFF (NYSEIFF) today announced that Chief Executive Officer Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 8, 2022 at 1:30 p.m. ET.

IFF (NYSEIFF) today announced the opening of its new Nourish Innovation Lab at the company’s Union Beach, New Jersey research and development center. In the state-of-the-art lab, scientists—including flavorists and food designers—will leverage tools, technologies and ingredient expertise to offer customers full product design, driving growth in the global food and beverage markets by fast forwarding innovation.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the second quarter ended June 30, 2022.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the first quarter ended March 31, 2022.

IFF (NYSEIFF) today announced that it is implementing broad-based pricing actions across all four divisions – Nourish, Health & Biosciences, Scent, and Pharma Solutions. The immediate need for these price increases is driven by the continued and significant escalation of raw material, energy and logistics costs as a result of the current geopolitical climate.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the fourth quarter and full year ended December 31, 2021.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the third quarter ended September 30, 2021.

International Flavors & Fragrances Inc. (NYSEIFF) reported financial results for the first quarter ended March 31, 2021.