Half-year report: Flavor players spread bets, policy hurdles

Jun 2018


IFF acquires Frutarom in deal worth US$7.1 billion: In May, IFF agreed to buy Israeli flavors and ingredients company, Frutarom, in a transaction valued at approximately US$7.1 billion. By combining with Frutarom, IFF said it is seeking to accelerate its Vision 2020 strategy to create a global leader in natural taste, scent and nutrition. As the dust settled on the IFF and Frutarom deal, all eyes were on the flavors and fragrances industry, as the company went up against current market leader Givaudan. Andreas Fibig, CEO of IFF, discussed the strategy behind the move.