Vying for the top spot: IFF’s takeover of Frutarom shakes up flavors industry

09 May 2018 --- As the dust settles on the International Flavors & Fragrances (IFF) and Frutarom US$7.1bn deal, all eyes are on the flavors and fragrances industry as the takeover is expected to shake up the sector when the company goes up against current market leader Givaudan.

IFF to buy Frutarom in US$7.1bn deal, seeks to create a global leader in taste, scent and nutrition

07 May 2018 --- International Flavors & Fragrances Inc. (IFF) has agreed to acquire Israeli flavors and ingredients company Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. By combining with Frutarom, IFF is seeking to accelerate its Vision 2020 strategy to create a global leader in natural taste, scent and nutrition, as 75 percent of Frutarom’s sales are natural.

The future of start-ups: Frutarom opens Israeli lab

27 Apr 2018 --- Frutarom is opening FoodNxt, an innovation lab for food-tech start-ups, in the north of Israel. The company is inviting Israeli food-tech and ingredient companies to collaborate and develop all-natural ingredient solutions for the global food and beverage industry. More than 80 food-tech start-ups are based in Israel, with a rapid double-digit growth rate expected by 2020.

Weekly Digest: Symrise reaffirmed as a sustainable company, Givaudan launches digital campaign which “engages the senses”

13 Apr 2018 --- This week in business, the Ethibel Sustainability Index (ESI) Europe has reaffirmed Symrise as a sustainable company and IFF announced its newly published 2017 sustainability report that it has already surpassed its 2020 goals for water and greenhouse gas emissions amongst other achievements. Olam International has launched the Olam Living Landscapes Policy (OLLP) which supports a Net-Positive approach to agricultural supply chains and landscape management.

Acrylamide regulation: Frutarom’s new solution, DSM steps up mitigation measures

12 Apr 2018 --- The introduction of the new EU regulation concerning acrylamide levels in food has given added impetus for manufacturers to mitigate the substance in their products. Coming into force yesterday (April 11), the benchmark levels that have been set for various products and several key companies are coming forward with acrylamide reducing solutions.

Frutarom reports “record-breaking results” for 2017

20 Mar 2018 --- Frutarom expects 2018 to be “another record year” as it continues to improve profitability as it posts 2017 results which show sales grew by 18.8 percent to a record US$1,362.4 million. The Israel-based flavor and fragrance company says it is progressing towards achieving its sales target of US$2.25 billion and an EBITDA margin from core activity of 23 percent in 2020.

Frutarom's expansion spree continues, takes 70 percent stake in Argentine companies

14 Mar 2018 --- Flavor and fragrance company Frutarom Industries Ltd. is continuing its roll of acquisitions with an agreement for the purchase of a 70 percent stake in Argentinian companies Meroar SA and Meroaromas SA for US$11.2 million. This marks the second acquisition so far this year, following 20 acquisitions in the past two years and 37 acquisitions carried out by the Israel-based company since 2013.

Pet food innovation: Frutarom develops solution for salmon oil protection

13 Mar 2018 --- Frutarom Food Protection Division has launched SubSTAR, a line of customized formulations for salmon oil oxidation management for pet foods.

Natural colors: Frutarom now among top five global suppliers

26 Feb 2018 --- Frutarom claims to have become one of the top five suppliers of natural colors worldwide following its acquisition of several natural colors companies, and investments in building fully integrated, safe, and controlled supply chains. The company has experienced double-digit growth annually in the natural colorants segment.

IFF Q4 results: Sweet and savory modulation portfolio sales increase by strong double-digits

15 Feb 2018 --- International Flavors & Fragrances Inc. (IFF) has released its financial results and strategic achievements for the fourth quarter and full year ended December 31, 2017. Highlights included: Sweetness and savory modulation portfolio sales increase by strong double-digits, Middle East & Africa improved mid-single-digits, with growth in both flavors and fragrances and the company's Tastepoint grew strong double-digits.

Weekly Digest: Sustainability recognition, Arla Foods Ingredients eyes growth in South America

09 Feb 2018 --- This week in business, there were several announcements made for recognition in sustainability, including Unilever, ADM and IFF. First Milk announced that it has been awarded Best Strategic Partnership in the 2018 Nestlé Supplier Awards and DSM appointed a new EMEA Vice President (VP) of its Human Nutrition & Health business. Elsewhere, Orkla announced promising results for 2017 and Arla Foods Ingredients seeks market growth in South America.

Frutarom secures financing for Flavours & Essences buy

25 Jan 2018 --- Bank Leumi, the multi-specialist UK-based subsidiary of Israel’s international bank, has closed a £14.75 million (US$21.02 million) loan to Frutarom. The deal finances the acquisition of UK-based flavors company, Flavours & Essences (UK) Ltd, which was announced in August last year. At the time, FoodIngredientsFirst reported that the deal was completed for approximately US$19.5 million (£15 million) and would be completed upon signing and financed through bank debt.

IFF targets Indian market, breaks ground on new facility

24 Jan 2018 --- International Flavors & Fragrances Inc. (IFF) has broken ground on a new flavors and fragrances plant located in Sri City, in the State of Andhra Pradesh in India. Part of a larger investment into the Greater Asia region, the plant is expected to be commercialized in December 2019.

European Flavour Association welcomes McCormick as new member

03 Jan 2018 --- Since January 1, 2018, the European Flavour Association (EFFA) has a new full ordinary member, McCormick & Company. This brings EFFA membership to 22 companies and National Associations.

Bremil deal signals twelfth acquisition for Frutarom in 2017

21 Dec 2017 --- Flavors and natural specialty fine ingredients specialists Frutarom Industries Ltd continues its acquisition roll by signing an agreement for the purchase of 51 percent of the shares of the Brazilian company Bremil Indústria Ltda, the top producer of savory solutions in Brazil, at a company value of approximately US$73 million.

Frutarom acquires Polish flavors and fragrances company Pollena-Aroma

20 Dec 2017 --- Frutarom continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy by signed an agreement for the purchase of 99.96 percent of the shares in the Polish company Pollena-Aroma Sp, z.o.o. for approximately US$8.5 million (approx. €7.2 million). The transaction was completed upon signing and financed from independent sources and is the company’s eleventh acquisition this year.

Frutarom reports record quarter, increases 2020 targets

21 Nov 2017 --- Flavor and fragrance specialists Frutarom has posted third-quarter earnings which show a record US$358.8 million in sales, up almost 20 percent, which has prompted the company to raise its 2020 sales target to US$2.25 billion. 
In Q3 2017, there was constant currency pro-forma growth of 6 percent, sales from core activities grew by 20.2 percent to a record US$336.6 million and constant currency pro-forma growth of 7.4 percent.

IFF collaborates with Wrigley to support smallholder mint farmers

17 Nov 2017 --- International Flavors & Fragrances Inc. (IFF) has announced its supporting partnership with Mars Wrigley Confectionery in their initiative to improve the long-term viability of mint farming in India. 

Solid IFF Q3 results top expectations

07 Nov 2017 --- International Flavors & Fragrances Inc. has reported financial results and strategic achievements for the third quarter ended September 29, 2017, which showed growth across the company’s categories and global markets. The New York-based company reported profits of US$110.3 million, while revenue for the ingredients producer for food cosmetics and consumer products was US$872.9 million in the period.

IFF joins FReSH initiative targeting food waste

31 Oct 2017 --- International Flavors & Fragrances Inc. (IFF) has joined the Food Reform for Sustainability and Health program (FReSH), a project of the World Business Council for Sustainable Development (WBCSD). The project is designed to improve the health of people and the planet by recalibrating the global systems of consumption, transportation, production and agriculture, thus making responsibly produced, healthy, enjoyable diets available to all.

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