M&A Deal Summary

IFF Acquires HWP

On February 16, 2022, IFF acquired medical products company HWP

Acquisition Highlights
  • This is IFF’s 1st transaction in the Medical Products sector.
  • This is IFF’s 7th transaction in the United States.
  • This is IFF’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2022-02-16
Target HWP
Sector Medical Products
Buyer(s) IFF
Deal Type Add-on Acquisition

Target

HWP

Clackamas, Oregon, United States
HWP is a contract manufacturer of encapsulated dietary supplements and nutritional products. HWP produces thousands of unique and complex formulas for some of the industry's most trusted and innovative brands. HWP was founded in 1995 and is based in Clackamas, Oregon.

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Buyer(S) 1

Buyer

IFF

New York, New York, United States
Category Company
Founded 1909
Sector Chemicals
Employees21,500
Revenue 11.5B USD (2023)
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 1909 and is based in New York City.

DEAL STATS #
Overall 12 of 12
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Oregon) 2 of 2
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 International Flavors & Fragrances - Microbial Control Business

New York, New York, United States

IFF’s Microbial Control business unit is a global leader that provides innovative and sustainable solutions. The business unit specializes in offering preservation and hygiene solutions for a wide array of industrial and consumer applications, including paints & coatings, building materials, animal biosecurity, personal care, and home care.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 NovaTaste

Salzburg, Austria

NovaTaste provides a range of value-add savoury ingredients and blends, most notably under the Wiberg and Piasa brands. NovaTaste is based in Salzburg, Austria.

Sell $900M
Mergr

Product

Company

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