International Flavors & Fragrances Inc. has agreed to sell its business making pharmaceutical excipients in a $2.85bn deal that will reduce debt and leave it in categories showing stronger results, namely Scent, Nourish (food and beverage), and Health & Biosciences.
IFF Narrows Focus To Fragrance, Health, Food
Plant-based ingredients company Roquette will acquire IFF's Pharma Solutions business
International Flavors & Fragrances agrees to sell its Pharma Solutions business to plant-based ingredients company Roquette for an enterprise value of $2.85bn to reduce debt and streamline its business to three segments, including scents.
