M&A Deal Summary

Roquette Frères Acquires IFF s Pharma Solutions Business

On March 19, 2024, Roquette Frères acquired chemicals company IFF s Pharma Solutions Business from IFF for 2.9B USD

Acquisition Highlights
  • This is Roquette Frères’ 1st transaction in the Chemicals sector.
  • This is Roquette Frères’ largest (disclosed) transaction.
  • This is Roquette Frères’ 1st transaction in the United States.
  • This is Roquette Frères’ 1st transaction in New York.

M&A Deal Summary

Date 2024-03-19
Target IFF s Pharma Solutions Business
Sector Chemicals
Buyer(s) Roquette Frères
Sellers(s) IFF
Deal Type Divestiture
Deal Value 2.9B USD

Target

IFF s Pharma Solutions Business

New York, New York, United States
IFF's Pharma Solutions Business developes and manufactures pharmaceutical excipients and includes its Global Specialty Solutions business supporting industrial and methyl cellulosic food applications.

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Buyer(S) 1

Buyer

Roquette Frères

Lestrem, France

website


Category Company
Founded 1933
Sector Chemicals
DESCRIPTION

Roquette Frères is a provider of plant-based ingredients. Roquette Frères was founded in 1933 and is based in Lestrem, France.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IFF

New York, New York, United States

website


Category Company
Founded 1833
Sector Chemicals
Employees24,000
Revenue 11.7B USD (2021)
DESCRIPTION

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.


DEAL STATS #
Overall 5 of 6
Sector (Chemicals) 4 of 5
Type (Divestiture) 5 of 6
State (New York) 3 of 4
Country (United States) 3 of 4
Year (2024) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Lucas Meyer Cosmetics

Québec, Quebec, Canada

Lucas Meyer Cosmetics is a manufacturer and marketer of innovative ingredients for the cosmetics and personal care industry. Lucas Meyer Cosmetics was formed in 1999 and is based in Québec.

Sell $810M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 IFF - Cosmetics Ingredients Business

New York, New York, United States

IFF's Cosmetics Ingredients Business deliver innovative ingredients for the cosmetic and personal care product portfolio.

Sell -