Sealing the deal: IFF completes Frutarom acquisition, global leader to sharpen focus on naturals, health and wellness

05 Oct 2018 --- International Flavors & Fragrances Inc. has completed its acquisition of Frutarom signaling the start of the new global leader in taste, scent and, nutrition with “even greater aspirations.” One of the key strategies is to create a differentiated portfolio with an increased focus on naturals and health and wellness and to expand into fast-growing categories like savory solutions, natural colors, natural food protection and health ingredients.

New taste platforms: Firmenich acquires US biotechnology company Senomyx

20 Sep 2018 --- Firmenich is set to acquire US biotechnology company Senomyx, Inc., which uses proprietary taste science technologies to discover, develop and commercialize novel flavor ingredients and natural high-intensity sweeteners for the food and beverage industries. The acquisition and a distribution deal should allow Firmenich, the world’s largest privately owned company in the flavor and fragrance business, to expand its influence on the global flavors market, particularly high-intensity sweeteners.

IFF’s Frutarom buy: “We’re ready for Day 1,” declares CEO as final antitrust hurdle is cleared

17 Sep 2018 --- Now that International Flavors & Fragrances Inc. (IFF) has received antitrust clearance from all relevant antitrust authorities around the world, and all antitrust and competition laws have been satisfied, Chairman and CEO Andreas Fibig says the company wants to build on its strong momentum, focus on integrating planning and “provide a seamless experience for customers.” Speaking to FoodIngredientsFirst, Fibig says that IFF is on track to close the transaction in early October, which is ahead of the company’s initial expectations.

Givaudan close to securing complete control of Naturex

07 Sep 2018 --- Flavors and fragrances leader Givaudan has confirmed that it is now close to holding complete control of natural ingredients supplier Naturex. Following the closure of the second tender offer period initiated by Givaudan for the remaining outstanding shares of Naturex, the French stock market regulator Autorité des Marchés Financiers (AMF) has now published the results. Givaudan now holds 9,436,645 of Naturex shares, representing 98.06 percent of the capital, based on the total number of shares as of September 5, 2018.

Frutarom reports record Q2, updates on takeover by IFF

24 Aug 2018 --- Frutarom, one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients, reports another record-breaking quarter and half-year, in sales, profit, and earnings per share. The accelerated increase in revenues this quarter stems from a combination of the rapid internal growth in Frutarom’s core activities – the Flavors Division and Specialty Fine Ingredients Division – and the acquisitions it has made.

The flavors shake-up: Ethnic, rich and authentic options pushed to the fore

14 Aug 2018 --- The last few months have seen a real shake-up in the flavors space with International Flavors & Fragrances (IFF) beginning a new chapter with the combination of Frutarom. The news came as Swiss-headquartered market leader Givaudan completed the acquisition of 40.5 percent of the shares of Naturex for €135 per share, with plans underway to take complete control of the natural ingredients supplier. The acquisition of such a significant shareholding in Naturex fits with Givaudan’s 2020 strategy to expand its offering to deliver natural products to customers.

IFF reports strong first-half results, “performance was broad-based,” says CEO

08 Aug 2018 --- International Flavors & Fragrances Inc. (IFF) has reported its financial results and strategic achievements for the second quarter ended June 30, 2018. Top-line trends remained strong in the second quarter, marking the fourth consecutive quarter of mid-single digit growth, according to IFF Chairman and CEO, Andreas Fibig.

Natural and clean label expansion: Firmenich acquires Campus, Italian innovator in protein solutions

08 Aug 2018 --- Firmenich has acquired Italy-based Campus, an innovator in the application of natural functional ingredients for protein applications, specializing in clean label, meat and plant-based foods. This acquisition broadens Firmenich’s capabilities in naturals and protein solutions, cutting across animal and vegan food products. Neither party is disclosing financial details of the deal, which is expected to close by the end of this week.

Bright futures: The evolution of natural colors and a “less is more” approach

07 Aug 2018 --- The trend for natural colors is part of a wider shift in consumer awareness about health and wellbeing and a desire for cleaner and safer food products. Consumers now have access to more information than ever before and, as a result of demand and pressure from health interest groups, the natural ingredients space has been growing steadily for several years now. In light of this, the incentive is now overwhelming for food manufacturers to clean up their products. This is being reflected in the rapid uptake of natural colors in new product launches.

Flavor merger progress: Frutarom shareholders overwhelmingly approve takeover by IFF

07 Aug 2018 --- Frutarom shareholders voted to approve the proposed combination of Frutarom and International Flavors & Fragrances Inc. (IFF) at the general meeting of Frutarom shareholders yesterday. Of the votes cast, 94.6 percent were in favor of the proposed merger, representing approximately 74.7 percent of all outstanding shares.

Global flavors & fragrances market to reach US$36 billion in 2022

06 Aug 2018 --- The global flavors and fragrances market continues to show good rates of growth across the various regions, according to IAL Consultants. The company has published the 11th edition of its report on the global markets for Flavors & Fragrances. The total global market reached US$28.2 billion in 2017, an increase of 4.6 percent compared to the previous year and is expected to grow at an average annual rate of 4.9 percent p.a. to reach approximately US$36 billion in 2022. Of the total world market, flavors account for approximately 56 percent and fragrances for the remaining 44 percent.

The consolidating ingredients sector: Ingredion convergence epitomizes a tightening sector

23 Jul 2018 --- The integration of several portfolios into a single larger ingredient entity was a key theme at the IFT 2018 Food Expo in Chicago last week. The relatively small trade show floor was a reminder of how many previous exhibiting companies have been swallowed up over recent years, in order to be integrated into the likes of DSM (e.g. Martek, Ocean Nutrition Canada and Fortitech), Kerry (e.g. Ganeden, Red Arrow and Biothera), ADM (Wild Flavors) and IFF (Ottens Flavors and David Michael). Naturex (currently being acquired by Givaudan) could be the next to disappear from a show floor, amid a consolidating ingredients world, where questions must soon be raised about a growing lack of competition and diversity in ultimate holding companies.

Sensient execs on Mazza buy: “We want to take everything out of the botanical”

20 Jul 2018 --- Sensient is eyeing the newly acquired botanical extraction company Mazza Innovation as a strategic pillar for all of its business operations, including colors and flavors. Presented under the new name of “Sensient Natural Extraction” and continuing to operate out of Canada, the new business unit provides a clean extraction opportunity for Sensient Technologies Corp. The acquisition will offer opportunities in sustainability, cost reduction and clean label, as the entire botanical being used can be broken down and distributed among the diverse companies that comprise Sensient.

Weekly Digest: IFF sets environmental goals for 2025, Gillco & Cargill enter distribution agreement

29 Jun 2018 --- This week in business, International Flavors & Fragrances (IFF) launched a new set of environmental goals, UNITAR announced a partnership with Danone that aims to bring education on climate change to drive sustainable change. Also this week, Kalsec released its first social responsibility report to share its sustainability efforts with stakeholders and Gillco Ingredients and Cargill’s Food Ingredients & Bioindustrial business in the US entered into a distribution agreement.

UK FSA maintains safety guidance on acrylamide and furan

27 Jun 2018 --- The UK’s Food Standards Agency has investigated levels of acrylamide and furan in an extensive range of retail foods, concluding that what it found does not increase concerns about the risk to human health. As a result, the FSA will not be changing its advice to consumers about acrylamide and furan.

World Cup flavor fever: Russian blends and cuisines take center stage

15 Jun 2018 --- With football World Cup hosts Russia opening up their campaign with a 5-0 drubbing of Saudi Arabia yesterday, a higher sense of optimism now exists around the national team, despite their lowly world ranking and recent form. Flavors and cuisines from the hosting country are also in the spotlight. World Cups and Olympic Games offer consumers the chance to try out new cuisines from the spotlighted host countries and this year is no exception, with a wealth of flavors and cuisines on offer from this vast and diverse country.

Firmenich launches Natural and Clean Label platform as traceability evolution at major flavor houses accelerates

11 Jun 2018 --- Firmenich, the largest privately held flavor and fragrance company in the world, has launched its Natural and Clean Label platform to create “great tasting, natural and traceable food and beverage experiences.” Combining its mastery of taste and naturals, with its world-class science and consumer understanding, Firmenich is focused on creating the most authentic flavors. Committed to full traceability, Firmenich is going far beyond today’s labeling requirements to provide its customers and their consumers with information they can understand and trust.

Givaudan completes acquisition of 40.5 percent stake in Naturex, confirms intention to go for outstanding shares

05 Jun 2018 --- Global flavors and fragrance company, Givaudan, has completed the acquisition of 40.5 percent of the share capital of Naturex at a price of €135 per share as announced on March 26, 2018 for a total consideration of €522 million. As a result, Givaudan has confirmed its intention to file a mandatory cash tender offer with the Autorité des Marchés Financiers for all remaining outstanding shares of Naturex.

Frutarom completes acquisition of majority stake in Bremil

31 May 2018 --- Frutarom is continuing its momentum of acquisitions this year, with the announcement that it has completed the transaction for the purchase of 51 percent of the shares of the Brazilian company Bremil Indústria Ltda. Bremil is a Brazilian producer of savory solutions and the deal is worth approximately US$30 million (BRL111 million) which includes estimated asset adjustments before the date of completion.

Frutarom reports “record-breaking” quarter amid IFF merger plans

30 May 2018 --- As Frutarom strides forward with its growth strategy, the Israel-based flavor and fragrance specialist has reported another record quarter with double-digit growth in sales and profits alongside improved margins. The first quarter 2018 results come when Frutarom is in the midst of being merged into International Flavors & Fragrance Inc (IFF) which recently agreed to acquire Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. The deal will create a “global leader” in the flavors, fragrances and specialty fine ingredients for health and nutrition field, according to both companies.

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