M&A Deal Summary

IFF Acquires The Additive Advantage

On February 19, 2019, IFF acquired consumer products company The Additive Advantage

Acquisition Highlights
  • This is IFF’s 4th transaction in the Consumer Products sector.
  • This is IFF’s 6th transaction in the United States.
  • This is IFF’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-02-19
Target The Additive Advantage
Sector Consumer Products
Buyer(s) IFF
Deal Type Add-on Acquisition

Target

The Additive Advantage

North Reading, Massachusetts, United States
The Additive Advantage (TAA) is a company that develops novel technologies with diverse capabilities that span applications and industries. TAA has the expertise to develop the next-generation delivery systems technology platform that will enable the printing of flavors, fragrances, cosmetic and health & nutrition actives onto a variety of consumer products. The Additive Advantage was founded in 2006 by Salvatore Celeste and maintains a research laboratory, engineering facility and sales office in North Reading, Massachusetts.

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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 9 of 12
Sector (Consumer Products) 4 of 4
Type (Add-on Acquisition) 8 of 10
State (Massachusetts) 1 of 1
Country (United States) 6 of 7
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Frutarom Industries

Haifa Bay, Israel

Frutarom Industries Ltd. is a global company operating in the global flavors and natural fine ingredients markets. Frutarom has significant production and development centers on six continents and markets and sells over 70,000 products to more than 30,000 customers in over 150 countries. Frutarom’s products are intended mainly for the food and beverages, flavor and fragrance extracts, pharmaceutical, nutraceutical, health food, functional food, food additives and cosmetics industries.

Buy $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Leagel S.r.l.

Chiesanuova, San Marino

Leagel S.r.l. is a producer of ice cream and gelato ingredients in Europe. Leagel S.r.l. is a family-owned company based in San Marino, Italy, Leagel specializes in artisanal taste, texture, and toppings sold directly to ice cream and gelato shops.

Buy -
Mergr

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