IFF’s Frutarom Division Completes Acquisition of 60% of Thailand-based Mighty
January 18 2019 - 07:50AM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris:IFF) (TASE:IFF), announced that its Frutarom Division has
completed the acquisition of 60% of the share capital of The Mighty
CO. LTD. (“Mighty”), a leading savory solutions provider in
Thailand, thus continuing its growth strategy in Southeast
Asia.
Amos Anatot, President of IFF's Frutarom Division, said, “The
completion of this deal with Mighty underscores that the Frutarom
division will continue on its growth strategy and pursue attractive
companies that create new opportunities or build on current
capabilities.” Mr. Anatot continued, “And in this case, we are
helping to grow our capabilities in savory solutions – already an
area of strength for legacy Frutarom, now IFF."
Mighty, founded in 1989, develops, produces and markets reaction
flavors, with particular expertise in savory solutions. The
company’s portfolio includes flavors, seasoning blends, marinades,
and specialty functional raw materials for the food and beverage
industry.
# # #
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF) (TASE: IFF) is a leading innovator of scent, taste, and
nutrition, with over 110 manufacturing facilities, 100 R&D
centers, and 33,000 customers globally. At the heart of our
company, we are fueled by a sense of discovery, constantly asking
“what if?”. That passion for exploration drives us to co-create
unique products that consumers experience in more than 150,000
unique products sold annually. Our 13,000 team members globally
take advantage of leading consumer insights, naturals exploration,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products.
Learn more at www.iff.com, Twitter , Facebook, Instagram, and
LinkedIn.
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Michael DeVeauHead of Investor Relations and Communications
& Divisional CFO, Scent212.708.7164Michael.DeVeau@iff.com