IFF - M&A Summary and Business Overview

ChemicalsCompany

IFF M&A Summary

IFF has acquired 12 companies, including 4 in the last 5 years. It has also divested 6 assets.

IFF’s largest acquisition to date was in 2018, when it acquired Frutarom Industries for $7.1B. It’s largest disclosed sale occurred in 2024, when it sold IFF - Pharma Solutions Business to Roquette Frères for $2.9B. IFF has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include consumer products (34%) and food (34%).

IFF Business Overview

Where is IFF headquartered?

IFF is headquartered in New York, New York.

What is IFF’s revenue?

IFF disclosed revenue of 11,656M USD for 2021 and 5,084M USD for 2020.

How many employees does IFF have?

IFF has 24,000 employees.

What sector is IFF in?

IFF is a chemicals company.

When was IFF founded?

IFF was founded in 1833.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity12
    • M&A Sell Activity6
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 11

IFF

International Flavors & Fragrances, Inc.

521 West 57th Street,
New York, New York 10019
United States,
(212) 765-5500
www.iff.com

IFF is a provider of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents, and household goods, as well as beverages, sweet goods, and food products. IFF was founded in 1833 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 - - 1 - - 12
vol $7.4B $7.4B
Sell (1.2/yr) # - - 1 1 2 2 6
vol $1.3B $900M $1.0B $2.9B $6.1B
  18

Most Recent M&A

Company Date Value Type
IFF - Cosmetics Ingredients Business 2024-04-03 - Divestiture
New York, New York
IFF - Pharma Solutions Business 2024-03-19 2.9B USD Divestiture
New York, New York
Lucas Meyer Cosmetics SAS 2023-10-30 810M USD Divestiture
Québec, Quebec · www.lucasmeyercosmetics.com
IFF - Flavor Specialty Ingredients Business 2023-02-16 220M USD Divestiture
New York, New York
FRUTAROM Savory Solutions Austria GmbH 2022-12-20 900M USD Divestiture
Salzburg, Austria · www.frutaromsavory.com
Health Wright Product, Inc. 2022-02-16 - Add-on Acquisition
Clackamas, Oregon · www.healthwrightproducts.com
International Flavors & Fragrances - Microbial Control Business 2021-08-23 1.3B USD Divestiture
New York, New York
DuPont Nutrition & Biosciences 2019-12-15 - Divestiture
Copenhagen, Denmark · www.dupontnutritionandbiosciences.com
Leagel S.r.l. 2019-03-13 - Add-on Acquisition
Chiesanuova, San Marino · www.leagel.com
The Additive Advantage (TAA) 2019-02-19 - Add-on Acquisition
North Reading, Massachusetts · www.theadditiveadvantage.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Chemicals 3 (25%) 319M (4%) 5 (83%) 5.2B (85%)
Food 4 (33%) - 1 (17%) 900M (15%)
Consumer Products 4 (33%) 7.1B (96%) - -
Medical Products 1 (8%) - - -
Total 12 $7.4B 6 $6.1B

By Geo

State/Country Buy Value Sell Value
United States 7 - 4 4.4B
  New York - - 4 4.4B
  Pennsylvania 2 - - -
  Oregon 2 - - -
  New Jersey 2 - - -
  Massachusetts 1 - - -
Canada 1 319M 1 810M
  Quebec 1 319M 1 810M
Israel 2 7.1B - -
Austria - - 1 900M
Denmark 1 - - -
San Marino 1 - - -
Domestic 7 (58%) - 4 (67%) 4.4B (72%)
Cross-border 5 (42%) 7.4B (100%) 2 (33%) 1.7B (28%)
Total 12 $7.4B 6 $6.1B

Top M&A Advisors

Financial Deals
Morgan Stanley
4
J.P. Morgan Securities
2
BofA Securities
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
5
Skadden, Arps, Slate, Meagher & Flom
2
Cravath, Swaine & Moore
1

Deal Values

buy # Total
> $1B 1 $7.1B
$100M to $1B 1 $319M
TOTAL $7.4B
Largest Frutarom Industries Ltd.
$7.1B (2018-05-07)
sell # Total
> $1B 2 $4.2B
$100M to $1B 3 $1.9B
TOTAL $6.1B
Largest IFF - Pharma Solutions Business
$2.9B (2024-03-19)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
2 (17%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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