• Sun. Apr 14th, 2024

Innovation and Sustainability: Clariant Acquires IFF’s Cosmetic Ingredients Business”.

BySamantha Nguyen

Apr 3, 2024
IFF Successfully Divests its Cosmetics Ingredients Business

Clariant, a specialty chemicals company focused on sustainability, has acquired IFF’s Cosmetic Ingredients business. This move allows the Cosmetic Ingredients business to continue delivering innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

IFF CEO Erik Fyrwald stated that the divestiture is part of the company’s strategic transformation to prioritize innovation and better serve target customers in core businesses. The sale of the Cosmetics business will enable IFF to make strategic growth investments, reduce debt, and lower interest costs. Fyrwald expressed gratitude to the Cosmetics colleagues for their dedication to excellence and wished them success in their new journey.

IFF is a global leader in food, beverage, health, biosciences, and scent experiences. Their team collaborates with customers to develop scents, tastes, experiences, ingredients, and solutions that the world craves. By leveraging art and science, IFF aims to do more good for people and the planet. Learn more about IFF on their website and social media channels.

For media inquiries contact Paulina Heinkel at 332.877.5339 or media.request@iff.com; for investor relations reach out to Michael Bender at 212.708.7263 or investor.relations@iff

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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