International Flavors & Fragrances, Inc. is jockeying with Givaudan for the ingredient sector’s top spot, announcing May 7 that it will acquire Israel-based Frutarom for a whopping $7.1bn.
IFF’s $7.1bn Frutarom Buy Shows Market Shifts Rippling Up The Supply Chain
The flavors and fragrances firm’s largest acquisition to date speaks volumes about prevailing market winds, providing IFF with access to smaller customers and Frutarom’s extensive natural capabilities. The deal closely follows rival Givaudan’s opening move in March to acquire Naturex.
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