IFF Successfully Divests its Cosmetics Ingredients Business

IFF (NYSE: IFF) has completed the divestiture of its Cosmetic Ingredients business to Clariant, a specialty chemicals company that focuses on sustainability. This move allows the Cosmetic Ingredients business to continue delivering innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

Erik Fyrwald, CEO of IFF, 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

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